描述

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, has been retained to market the opportunity to acquire the fee simple interest in Eaton Corporation Mission-Critical Logistics Facility (the “Property” or “Offering”), a 550,992 SF Class A built-to-suit industrial facility located in the Raleigh, North Carolina MSA. The Project is 100% leased to Eaton Corporation (NYSE: ETN; S&P: A-) (“Eaton”) and is used exclusively for warehousing components and finished product for their Critical Power Solutions Division, which produces server rack cabinets and uninterruptible power systems. The Property supports Eaton's production and assembly facility in North Raleigh, 20 minutes south of the Property. With 14.7 years of lease term remaining, the Offering provides investors with secure, long-term stable cash flow and strong contractual yield expansion via 3.25% annual escalations, requiring limited oversight from new ownership.

Founded in 1911, Eaton is a global intelligent power management company dedicated to improving the quality of life and the environment through sustainable electrical, aerospace, hydraulic and vehicle technologies. Overall, Eaton Corporation Mission-Critical Logistics Facility presents investors with 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 tenant.

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属性

建筑净面积

51,189 平方米

占用率

100%

建成年份

2026

沃尔特

14.7 年

媒体

投资亮点

STABLE, IN-PLACE CASH FLOW BACKED BY INVESTMENT-GRADE TENANCY

•100% leased to Eaton Corporation (NYSE: ETN; S&P: A-) (“Eaton”) with 14.7 years of term remaining

•Strong contractual yield expansion via 3.25% annual escalations

•Full lease guarantee from parent Eaton Capital Unlimited Company

MISSION-CRITICAL FACILITY WITH SIGNIFICANT TENANT INVESTMENT

•Eaton is a global intelligent power management company that provides technologies to help customers manage electrical, hydraulic, and mechanical power more reliably, efficiently, safely, and sustainably

•The Property is used as a dedicated warehousing and distribution center for components and finished goods related to Eaton's server rack cabinet and uninterruptible power supply product lines

•The company has invested an additional $18M into the Property towards their office buildout, racking, warehouse and IT equipment

ATTRACTIVE ACQUISITION BASIS

•Sustained increases in construction costs coupled with material price increases for well-located land sites have led to an increase in replacement cost for Class A industrial product

WORLD CLASS LOGISTICS FACILITY

•Concrete tilt-wall construction featuring institutional-quality design

•40’ clear height, ESFR, LED lighting with motion sensors, and full HVAC

•Fifty (50) 9' x 10' dock-high doors and four (4) drive-ins

•520’-deep cross-dock configuration serviced by 135-190'-deep truck courts with 60' concrete aprons

•60 mil TPO roof under manufacturer warranty (exp. 2041)

ACCESS TO EXPLOSIVE RALEIGH-DURHAM GROWTH

•Raleigh-Durham continues to bolster its position as one of the most sought-after, high-performing industrial markets in the Southeast behind robust net absorption and rent growth

•Sustained rent growth with NNN asking rents increasing by more than 62% since 2020 (+7.1% CAGR)

•96.5% average 10-year occupancy rate reflects the enduring tenant demand in the market