Property Summary
ESSENTIAL INFORMATION
- 100% Occupied by Amazon.
- Annual Rent Escalation of 2.0% Per Annum.
- “NN” Lease.
- Lease Expiration: November 30, 2026
- Four 5-year extension options.
Description
Sentinel Net Lease, LLC (“Sentinel”) acquired the Amazon Customer Service Center (the “Building”) located in the City of Huntington, West Virginia. The building totals 69,000 square feet and is 100.0% leased to Amazon.
Key Metrics
- Purchase Price: $16,900,000
- Net Rentable SF: 69,000
- 7% Capitalization Rate on Year-1 Rents
- Monthly Distributions are expected to begin at 10% Annualized Rate
- Projected 18.3% Net IRR to Investors (assumes a 7-year hold)
- Potential 2.5x Equity Multiple
Gallery
Location
Address
500 Kinetic Drive, Huntington, WV 25701