April 7, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Roller Die & Forming in Green Cove Springs, Florida. Horvath & Tremblay exclusively represented the seller in the transaction at a sale price of $4,225,000.
Roller Die & Forming is located at 4360 County Road 209 S in Green Cove Springs, Florida. The single-tenant industrial building was constructed in 2007 as a build-to-suit facility for Roller Die & Forming and contains 74,720 leasable square feet on a 7.01 acre parcel of land. The 20 year Triple-Net Lease has 8.5 years remaining with an additional three (3) 5-Year Options. The lease features 3% annual rent increases throughout the base term and the option periods. The property sits within the J.P. Hall Commerce Center in Northeast Florida, and offers convenient access to US 17, I-95 and I-295, CSX Railroad, the Jacksonville International Airport, the Port of Jacksonville (Jaxport) and surrounding ports. The Green Cove Springs facility is strategically located to capture a skilled local workforce and to benefit from its close proximity to regional highways and the Port of Jacksonville which is ideally located to support regional and multi-national customers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.