I-80 Distribution Portfolio

Jones Lang LaSalle (“JLL”) has been exclusively retained to market for sale the fee-simple interest in the I-80 Distribution Portfolio, a combined 718,535 square foot, two-building package consisting of a 459,000 SF asset at 2301 21st Street NW – “2301” and a 259,535 SF facility at 2402 21st Street NW – “2402” (the “Portfolio” or the “Offering”). Developed in 2024, the Offering presents the opportunity to acquire brand new construction, Class-A industrial assets with modern logistics features including, but not limited to, 36'clear heights, LED lighting, ESFR sprinklers, deep truck courts and substantial loading capacity (50 docks total). Strategically positioned less than 5-minutes from the I-80 / US 65 interchange, these highly functional logistics facilities present its occupiers excellent highway visibility and quick access to downtown Des Moines as well as other major Midwest markets.

Originally built to service one of the fastest growing 3PL companies in the country, the Offering is 100% leased with long-term agreements in place for JT Logistics ("JTL") and one of their most notable partners ~Bayer AG (S&P 500 / Fitch Rating: BBB). Notably, both 15-year leases award investors the ability to purchase a stable, long-term income stream with accretive growth at 3.00% per annum. Located less than 20-minutes from downtown Des Moines, the Offering presents investors the ability to enter in scale, the fastest-growing large metro in the Midwest(1) and the regional / local connectivity will drive demand for a variety of users mitigating any downside risk at lease expiration.