Offering Memorandum Carfax, Inc.
[Pages:11]Offering Memorandum
Carfax, Inc.
2301 Maguire Blvd., Columbia, MO|100% Net-Leased
Confidentiality and Restricted Use Agreement
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Maher Commercial Real Estate, and should not be made available to any other person or entity without the written consent of Maher Commercial Real Estate. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Maher Commercial Real Estate has not made any investigation, and makes no warranty or representation with respect to any of the information included in this offering memorandum. The information contained in this offering memorandum has been obtained from sources we believe to be reliable.
Maher Commercial Real Estate, however, has not verified, and will not verify, any of the information contained herein.
Maher Commercial Real Estate has not, and will not, conduct any investigation regarding these matters, and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Any potential buyer must take appropriate steps to verify all of the information set forth herein.
Offered Exclusively by
Jack Maher III
Vice-president Maher Commercial Real Estate Cell: 573.489.6860 Email: maher3@
Maher Commercial Real Estate 3610 Buttonwood Dr., Suite 200 Columbia, MO 65201 Office: 573.228.6321 Fax: 573.886.8901
Section 1
Property Overview
Investment Overview
Asking price: $9,500,000 Asking Cap Rate: 7.5%
Maher Commercial Real Estate is pleased to offer for sale to qualified investors a property that is 100% leased to CARFAX, Inc. in Columbia, MO.
Founded in 1984, Carfax, a unit of IHS Market on the NASDAQ, is a world leader in critical information analytics and solutions. The company holds a Ba1 credit rating per Nasdaq. The Columbia location is the company's communication headquarters and houses 200 employees.
As the world's largest vehicle history database, millions of consumers and 30,000 dealerships use Carfax information every year to help them buy and sell used cars with more confidence.
The investment includes a 36,833 S.F. free standing building on 7.72 acres of land. The tenant has 8 years remaining on their lease. The rent increases on an annual basis following the CPI. The property was built in 2003 and a 15,000 S.F. expansion was added in 2012. The property includes a total of 222 parking spaces. Landlord is responsible for roof, structure, and foundation. HVAC replacement is a shared expense between the Landlord and Tenant on a prorated basis.
Offering summary Addresss Tenant Property type Land area Building size Parking Annual rent Expenses
2301 Maguire Blvd. Carfax, Inc. Office 7.72 acres 36,833 sq ft 222 surface $710,000 NN+
SUBJECT
PROPERTY
STADIUM BLVD (VPN: 24,216) US-63 (VPN: 48,567)
RETAIL CORRIDOR:
ZAXBY'S FFO HOME HOLIDAY INN EXPRESS & SUITES
MAGUIRE BLVD
NEARBY TENANTS:
FEDEX GROUND BEYOND MEAT COCA-COLA IBM BATTENFELD TECHNOLOGIES MU PRINT & MAIL SERVICES
LEMONE INDUSTRIAL BLVD
SUBJECT
PROPERTY
Section 2
Tenant Overview
Tenant Overview
CARFAX, Inc. provides web based vehicle history information for buyers and sellers of used cars and light trucks in North America. The company offers Vehicle History Reports, which contain information on title information, flood damage history, total loss accident history, odometer readings, lemon history, number of owners, accident indicators, state emissions inspection results, service records, and vehicle use; Carfax Service History Check that gives users access to service and maintenance information from participating service locations; and Carfax QuickVIN, a vital tool for capturing accurate VIN and vehicle information. It also provides CARFAX Hot Listings that enables used car buyers to find cars that are eligible for the CARFAX Buyback Guarantee listed for sale in their area; and Safety and Reliability Ratings, which provides crash test results, safety recalls, reliability ratings, and warranty information for various vehicle makes and models. CARFAX, Inc. serves businesses, service providers, government entities, and dealer markets. It offers services online.
The company was founded in 1984 and is headquartered in Centreville, Virginia with a data center in Columbia, Missouri. It also has locations Chicago, Dallas, Houston, and New York. CARFAX, Inc. operates as a subsidiary of IHS Markit Ltd.
Snapshot from
Tenant Summary Specialization Founded Headquarters Net Worth Revenue Employees Website
Web-based vehicle history 1984 Centreville, VA $1.4 B $28.3 M 800+
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