AXIAL Gateway 95

16401 Walthall Industrial Parkway, Chesterfield, VA, 23834, US

描述

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for AXIAL Gateway 95 (the “Property”) – a new 505,404 square foot Class A LEED certified logistics facility located in the fundamentally-strong, high-growth Richmond industrial market. The Property is 100% leased to Hill Phoenix, Inc. (“Hillphoenix”) featuring a fresh 10-year lease term with strong 3.25% annual escalations. Hillphoenix, a subsidiary of Dover Corporation’s (NYSE: DOV; S&P: BBB+) climate and sustainability technologies business segment, is a leading manufacturer of commercial refrigeration systems, with a footprint spanning over 100 countries and a reputation for innovative, green solutions that positions them a top player in the global refrigeration sector.

Strategically positioned adjacent to I-95, the Property sits at the epicenter of I-85, I-295 and I-64, providing seamless connectivity to every corner of the Richmond MSA, direct access to the entirety of the East Coast (via I-95), the Sunbelt (via I-85), and proximity to transportation hubs including the Port of Virginia, Richmond Int’l Airport (RIC) and the Richmond Marine Terminal. Overall, AXIAL Gateway 95 presents investors the opportunity to acquire a best-in-class core logistics facility with secure in-place cash flow and strong 3.25% annual escalations with an investment grade equivalent tenant.

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属性

建筑净面积

46,954 平方米

占用率

100%

建成年份

2024

加权平均未到期租赁期

10.1 年

媒体

投资亮点

LONG-TERM, STABLE CASH FLOW WITH INVESTMENT GRADE EQUIVALENT TENANCY

• 100% leased to Hill Phoenix, Inc. (“Hillphoenix”) with a fresh 10-year lease term

• Hillphoenix operates as a subsidiary of Dover Corporation (NYSE: DOV; S&P: BBB+)

• 3.25% annual escalations provide strong contractual yield growth

• Three (3), 5-year Fair Market Value (FMV) renewal options allow investors to capitalize on future rental rates in the high-growth Richmond industrial market

INSTITUTIONAL-QUALITY, VERSATILE CONSTRUCTION

• Concrete tilt-wall construction featuring multiple glass storefronts

• 36' clear height, ESFR and LED lighting with motion sensors

• 102 9’x10’ dock high doors, eight (8) 35k lb levelers, two (2) 14’x16’ drive-in doors

• 320’-deep rear-load configuration serviced by 185’-deep truck court

• 45 mil TPO roof under manufacturer warranty (exp. 2039)

• Double row auto parking paired with abundant trailer parking

• LEEDv4 BD+C Core Shell Certified mitigating operational costs for future investors

FUNDAMENTALLY-STRONG, HIGH-GROWTH RICHMOND INDUSTRIAL MARKET

• Market-specific factors drive rent growth including land constraints, location fronting I-95, and diverse economic demand drivers (interstate access, high quality labor force, Port of VA, proximity to DC Metro)

• Strong continued rental rate growth due to a substantial supply-demand imbalance with asking rates increasing +58% since 2020 (+8.0% CAGR)

• 95% occupancy rate represents enduring tenant demand for the economically resilient region

HIGHLY-CONNECTED I-95 LOGISTICS LOCATION

• Located within two (2) miles of I-95, providing excellent regional accessibility to the Mid-Atlantic as well as Northeastern markets

• Proximity to I-85 , the industrial super corridor, allowing for direct access to the high population growth markets of Raleigh-Durham, Charlotte, Nashville and Atlanta

• Seamless access to major transportation thoroughfares including I-85, I-295, and I-64, connecting the Property to every corner of the Richmond region

• Immediate connectivity to demand drivers of the Richmond market and its dynamic economy, such as the Richmond International Airport (RIC), Richmond Marine Terminal, and the Port of Virginia, the most efficient port in the country