AXIAL Bonds Farm - Building 2

675 Pitts School Road Northwest, Concord, NC, 28027, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, has been retained to market the opportunity to acquire the fee simple interest in AXIAL Bonds Farm - Building 2 (the "Project" or "Offering"), a 148,720 square foot Class A industrial facility located less than one (1) mile off I-85 in Concord, NC in the Charlotte MSA. The Project is 100% leased to TDC International LLC ("TDC") and serves as the company's new HQ and sole location. With 9.6 years of lease term remaining, the Offering provides investors with secure, long-term cash flow and strong contractual yield expansion via 3.50% annual escalations, requiring limited oversight from new ownership.

Established in 1978, TDC operates as a specialized engineering and manufacturing company that delivers custom machinery to 50+ of the world's largest telecommunications providers. The company has consolidated their existing operations into AXIAL Bonds Farm - Building 2 and now operates as their one (1) and only location in North America, making the Property mission-critical to the company's operations. Overall, AXIAL Bonds Farm - Building 2 presents investors with the opportunity to acquire a 100% leased, Class A mission-critical distribution and manufacturing facility with strong long-term cash flow appreciation and immediate interstate connectivity in the high-growth Charlotte industrial market.

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Attributes

Building area net

13,817 sm

Occupancy

100%

Year built

2023

Remaining lease term

9.6 years

Media

Investment highlights

LONG-TERM, STABLE CASH FLOW WITH STRONG CONTRACTUAL RENT GROWTH

• 100% leased to TDC International LLC ("TDC") with 9.6 years of remaining term

• Robust yield expansion via 3.50% annual escalations

MISSION-CRITICAL LOCATION FEATURING HIGH-GROWTH TENANCY

• TDC is a specialized engineering and manufacturing firm providing custom equipment to the optical fiber, wire and cable industries

• Leading supplier to fifty (50) of the world’s largest blue chip telecommunications providers including CommScope, Corning, Southwire, among many others

• The Project functions as TDC's new headquarters and their only North American location, making it absolutely mission-critical to their operations

VERSATILE INSTITUTIONAL-QUALITY CONSTRUCTION

• The second building at AXIAL Bonds Farm, a master-planned industrial park comprised of three (3) buildings totaling 809,720 square feet

• Concrete tilt-wall construction featuring attractive wood facade and modern paint schemes

• 260’-deep rear load configuration featuring 32’ clear heights, ESFR sprinklers, LED lighting and full HVAC

• Multiple storefronts and expandable auto parking offer future demising flexibility to accommodate a wide range of users

• 2,700 amps (3-phase) or 6,000 amps (single-phase) power capacity

HIGHLY-CONNECTED LOGISTICS LOCATION WITH DYNAMIC ECONOMIC FUNDAMENTALS

• Fronting I-85, the Project offers seamless connectivity to the entirety of the booming Sun Belt region

• Four (4) miles from the I-485 beltway loop, providing direct access to every corner of the Charlotte MSA

• Situated within six (6) miles of The Grounds at Concord, the home of Eli Lilly’s $2 billion manufacturing campus in addition to Red Bull & Rauch’s new $1.7 billion facility – two of the most exciting economic developments in the Charlotte MSA