Sunland Logistics Solutions at Hampton Park

2819 Wade Hampton Blvd, Taylors, SC, 29687-2788, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for the sale leaseback of Hampton Park (the “Property”) – a three (3)-building, ±785,476 SF industrial park located in Greenville-Spartanburg, South Carolina. Operated by Sunland Logistics Solutions, Inc. (the “Tenant” or “Sunland”), the opportunity is being offered under a proposed ten (10) or twelve (12)-year Absolute Net lease structure with 3.00% annual escalations and multiple Fair Market Value (FMV) renewal options.

Headquartered in Greenville-Spartanburg, South Carolina, Sunland is a leading third-party logistics (3PL) firm specialized in the implementation of state-of-the-art supply chain innovations and advanced logistics processes for world-class clientele. Occupying and managing over four (4) million square feet of warehouse space across the US with an entrenched presence in the Greenville-Spartanburg market, Sunland boasts a rapidly expanding coast-to-coast network to offer best-in-class order fulfillment, shipping and inventory management services.

At Hampton Park, Sunland operates as the logistics and distribution partner for multiple creditworthy Fortune 500 companies across diverse industry sectors. The facility supports major blue-chip retail, consumer goods, and beverage industry leaders. Hampton Park's largest operational focus centers on supply chain management for rapidly growing consumer beverage brands within high-growth market segments that have demonstrated exceptional double-digit growth rates. The facility plays a critical role in supporting nationally recognized consumer brands with significant market presence.

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Caractéristiques de l'actif

Surface de l'actif brut

72 973 m²

Surface locative

60 167 m²

Occupation

100 %

Type de bail

Triple net

Année de construction

1969

Année de rénovation

2025

Média

Points clés d'investissement

ABSOLUTE NET LEASE WITH STRONG ANNUAL RENT ESCALATIONS

• Proposed ten (10) or twelve (12)-year lease term

• Absolute Net lease structure eliminates capital expenditures and cost of ownership throughout the life of the lease

• 3.00% annual escalations with multiple Fair Market Value (FMV) renewal options

LEADING 3PL WITH PROVEN GROWTH AND STICKY TENANCY

• Sunland Logistics Solutions, Inc. (the “Tenant” or “Sunland”) is a leading national third-party logistics (3PL) provider with coast-to-coast operations and a top-line revenue exceeding $88.7M (FY 2025)

• Serving investment grade contracts from the facility with multiple Fortune 500 retailers and consumer goods companies

• Headquartered in Greenville-Spartanburg, SC, Sunland currently maintains five (5) locations totaling approximately 2.5 MSF across the market

• Sunland has operated for over six (6) years at the Property and has completed a number of capital improvements since acquisition including the installation of ESFR sprinklers, systematic roof replacement and paving, among others

BELOW REPLACEMENT COST ACQUISITION WITH DEVELOPMENT UPSIDE

• Development opportunity on 44.90-acre site with capacity for Building A expansion and additional industrial building construction

• Built-in value with acquisition below today’s construction costs in a tight market with strong demand and rising rents

PRIME LOGISTICS AND DISTRIBUTION LOCATION

• Situated less than four (4) miles from the I-385, providing connectivity to I-26 and the I-85 super corridor that connects the MSA to major markets including Richmond, Raleigh-Durham, Greensboro-Winston-Salem, Charleston, Charlotte and Atlanta

• Located within ten (10) miles of Inland Port Greer, offering straight-shot cargo rail capabilities to the Port of Charleston, Greenville-Spartanburg International Airport (GSP) and the BMW Manufacturing facility

FUNDAMENTALLY STRONG INDUSTRIAL MARKET

• Comprised of over 268 million square feet of industrial inventory, the Greenville-Spartanburg market has continued to draw demand from top owners and users, posting nearly 13.3 MSF of net absorption since Q1 2024

• Strong continued rental rate growth with asking rates increasing 41.4% since 2020

• 94.7% 10-year average occupancy rate represents enduring tenant demand for one of the largest logistics and distribution hubs in the Southeast