Industrial & Logistics

Westrock - Montgomery

111 Folmar Pkwy Montgomery, Alabama United States 36105-5502
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Attributes

Building Area

Property Description

JLL Industrial Capital Markets (JLL) is pleased to present the WestRock Corrugated Box Production Facility, a unique opportunity to acquire fee simple interest in a highly-sophisticated mission-critical rail served corrugated box manufacturing and distribution facility at well below replacement cost. The property is currently 100% leased with over seven years of term remaining and guaranteed by WestRock Company (NYSE: WRK) (the Guarantor), one of the largest corrugated box and specialty paper products companies in the world – 2019 revenue of $18.3 billion.

Currently, the in-place lease is a highly-passive structure with the tenant self-managing the property and paying all expenses directly, allowing an investor to enjoy passive consistent income with limited capital exposure.

Investment Highlights

  • Heavily embedded tenant operation - decades of continual occupancy 
  • Investment grade lease guarantor - WestRock Co. (NYSE: WRK) 
  • Surrounded by major corporate and institutional tenancy - $1.8 billion Hyundai OEM plant nearby
  • Logistically well located facility - adjacent to interstate 65
  • New landlord-friendly lease with contractual annual rent increases 


Last Updated Date: 27 Aug 2020
Britton Burdette
Britton Burdette
Managing Director, Capital Markets
Crosby Taylor
Crosby Taylor
Associate, Production Support

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+41445083302
Last Updated Date: 27 Aug 2020

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