Industrial & Logistics

ESAB HQ - Denton, TX

2800 Airport Rd Denton, Texas United States 76207-2100
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 1970
Building Area
Land Area ()

Property Description

Jones Lang LaSalle Americas, Inc. has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase the ESAB North American Center (“the Property”), a 100% occupied, 422,819 square foot, industrial facility located in the North Dallas suburb of Denton. ESAB has leased the Property for the past 54 years and currently has 7.2 years of remaining lease term. Serving as ESAB’s world headquarters location, the Property is ideally positioned within the Denton industrial market, a preferred location for corporate users due to the excellent access, diverse amenity base, well-educated labor pool and abundant residential options. Other large industrial properties in the area are leased to tenants such as Peterbilt, Target, ALDI, HD Supply, Lowe’s, WinCo and Fastenal, among others. 

Investment Highlights

  • 100% leased to Colfax/ESAB ($3.0 billion annual revenue)  
  • Credit tenancy (S&P: BB)
  • Mission-critical facility for ESAB North America
  • Stable income with remaining lease term of 7.2 years 
  • Long-standing historical tenancy as Colfax/ESAB has occupied the Property for 54 years Access to major highway infrastructure, including I-35E, I-35W, Hwy 380 
  • Superior submarket fundamentals as Denton is 96.1% occupied with minimal new construction underway
Last Updated Date: 01 Jul 2021
Coler Yoakam
Coler Yoakam
Senior Managing Director, Net Lease Platform Leader
License details
TX-0592885
Dustin Volz
Dustin Volz
Managing Director, Capital Markets

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Last Updated Date: 01 Jul 2021

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