Kirk Garabedian Commercial Group

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AirGas Industrial Single Tenant

AirGas Industrial Single Tenant

1910 Bishop Lane, Simi Valley, CA 93063

Quick Summary

Location
AirGas Industrial Single Tenant
Price
1,796,000
Property Type
Industrial NNN
Square Ft
2916
Year Built
2008
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Property Description

We are pleased to present an Industrial Single Tenant property leased to Airgas USA, LLC, whose parent company is Air Liquide, a world leader in gases technologies and service for industry and health. Air Liquide’s S&P Ratings is “A-2” with a “Positive Outlook”. The company posted an EBIDTA of over $5.6 Billion (Euro) in 2019 with revenues well over $21 Billion Euro. 
According to its corporate literature, Airgas operates the Air Liquide Group’s Industrial Merchant and Healthcare activities in the United States. Airgas represents close to 30 percent of Air Liquide’s global gas and services revenue; serves more than 1 million of Air Liquide’s 3.5 million customers; and employs more than 18,000 associates within Air Liquide’s global workforce of 67,000 employees.
This location in Simi Valley was built in 2008 and Airgas has been a tenant here since the building’s inception. In 2019 Airgas approached the landlord requesting to extend and exercise their option for an additional 5-years starting in 2020; and negotiated an additional option period. 
Considering this specialized location, the strength of the Tenant, and Airgas’s built-up customer base, it is clear, this is one of Southern California’s finest single tenant offerings on the market today.