Gateway One

425 Distribution Drive, West Columbia, SC, 29170, US

Descripción

Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Gateway One at 803 Park (the “Property” or “Gateway One”) – a 252,720 SF Class A logistics facility situated in Columbia, South Carolina. The Property is 100% leased to four (4) diverse tenants with 7.2 years of WALT, providing diversified in-place cash flow and strong contractual yield growth via 3.33% weighted average annual escalations. Gateway One benefits from an exceptionally infill logistics location, sitting directly adjacent to Columbia Metropolitan Airport (CAE) and less than two (2) miles from I-26, offering seamless access to every high-growth Sunbelt market via the major transportation thoroughfares of I-20, I-77 and I-95.

Delivered 2023, the 260’-deep rear-load logistics facility features an array of highly sought after features including 32’ clear height, ESFR sprinklers, LED lighting with energy-efficient motion sensors and a 45mil TPO roof with a 15-year warranty (exp. 2038), significantly mitigating future capital costs over the life of the hold. Overall, Gateway One presents investors with the opportunity to acquire a 100% leased, institutional quality Class A logistics facility with diversified cash flow at an airport-adjacent location in the high growth South Carolina state capital.

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Atributos

Superficie neta construida

23.478 m²

Ocupación

100 %

Año de construcción

2023

WALT

7.2 años

Altura libre

9,75 m

Media

Aspectos destacados de la inversión

STABLE, IN-PLACE CASH FLOW WITH STRONG CONTRACTUAL GROWTH

• 100% leased to four (4) diverse tenants with 7.2 years WALT

• Strong contractual yield growth via 3.33% weighted average annual escalations

• Balanced rollover schedule with no single tenant expiring in the same year

INSTITUTIONAL-QUALITY, VERSATILE CONSTRUCTION

• First building to deliver at 803 Industrial Park, a master-planned industrial park comprised of four (4) buildings totaling 1.0 MSF

• Concrete tilt-wall construction with attractive glass lines and modern paint schemes

• 260'-deep rear-load configuration featuring 32' clear height, ESFR sprinklers and LED lighting

• Multiple storefronts offer demising flexibility to accommodate a wide range of user with varying suite sizes

• 190' truck court with ample trailer parking

• 45mil TPO roof under manufacturer warranty (exp. 2038)

HIGHLY-INFILL LOGISTICS LOCATION AT THE EPICENTER OF GROWTH

• Situated directly adjacent to Columbia Metropolitan Airport (CAE), the regional hub responsible for generating an estimated $847 million for the state of South Carolina

• Positioned less than two (2) miles from I-26, providing access to every high-growth Sunbelt market via the major transportation thoroughfares of I-77, I-20, I-95, among others

• Located less than a thirty (30) minute drive of the future $2.3 billion Scout Motors Manufacturing facility, expecting to create up to 5,000 new jobs for the local economy and generate approximately $4.2 billion in state-wide economic impact by 2029

• Strategically positioned in Foreign Trade Zone 127, the Property provides access to over 4.6 million U.S. consumers within a ninety (90) mile radius

STRONG INDUSTRIAL FUNDAMENTALS

• Totaling 79 MSF of industrial product, the Columbia market is home to a number of blue-chip users including Target (1.7 MSF), Michelin (1.2 MSF), Amazon (1.0 MSF), Trane (1.0 MSF), among many others

• Occupancy across the Columbia industrial market remains tight at +94% while posting nearly 1.4 MSF of positive net absorption in the last 24 months

• Average rental rates have continued to advance due to a supply-demand imbalance with asking rents growing 71% since 2021 (+9.1% CAGR)