Detroit Infill Industrial Portfolio

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer for sale the fee-simple interest in the Detroit Infill Industrial Portfolio (the “Portfolio” or the “Offering”), a 472,515 square foot portfolio consisting of 8 industrial properties throughout the Detroit MSA. Situated in several business park settings along major interstates including I-75, I-96, and I-275, the Portfolio offers extremely infill industrial locations and irreplaceable connectivity to the 4.3 million population in the Detroit MSA as well as a labor shed of 2.0+ million workers within a 45-minute drive time. The Portfolio is currently 97.5% leased to 8 distinct tenants and features 15.6 years of weighted average tenure across the Portfolio. The 3.0 years of weighted average lease term remaining allows investors to harvest mark-to-market upside on in-place rents across the Portfolio that are approximately 15%+ below market on average. The Portfolio also provides investors with additional near-term upside potential through leasing up a remaining 12,000 SF vacancy as well as value-add repositioning opportunities at 1935-1955 Enterprise Dr. and 5500 Enterprise Ct. in particular.

The Detroit Infill Industrial Portfolio offers investors the opportunity to acquire a stabilized, institutional quality portfolio situated throughout infill Detroit (all within 30-minutes of downtown Detroit), allowing deep access to highly-skilled labor pools and local / regional connectivity. With almost the entirety of the Portfolio operated under institutional ownership for over 20 years, the Portfolio presents well-maintained, shallow-bay product with immediate income stability and the ability to significantly drive rents by marking in-place leases to market upon respective lease expirations.