Hub at London Groveport_Actifs en vente
Hub at London Groveport_Actifs en vente
Various locations located near Downtown Columbus, OH

Hub at London Groveport

Description du portfolio

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in The Hub at London Groveport, a collection of four (4), 2020-built industrial assets totaling 1,590,495 square feet and a 6.68-acre trailer parking lot in the Columbus, Ohio MSA (the “Offering” or the “Portfolio”). The Portfolio is composed of (1) bulk, 1,059,000 square foot cross dock facility and three (3) rear-loads ranging from 136,315 SF to 261,660 SF, ideally positioning the Portfolio to serve Columbus’s Southeast submarket’s blue-chip tenant base that capitalizes on Rickenbacker International Airport and proximity to key interstates and intermodals. While the Portfolio offers a growing in-place cash flow and 5.4 years of WALT, the Offering is best defined by the near term path to cash flow growth offered by leasing the available, 54,059 square foot suite at Building 2 (3.4% of Portfolio SF) and a 48% mark-to-market opportunity as the other two rear-loads leased to Amazon and Lasership (dba OnTrac Final Mile) roll over the next three (3) years. As such, The Hub at London Groveport represents a unique opportunity to acquire core, Class A industrial properties located near pivotal transportation infrastructure with a near-term path to outsized yields.

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Caractéristiques de l'actif

Surface de l'actif brut
147 762 m²
Année de construction
2020
Occupation
96,6 %
WALT
5.4 années
Hub at London Groveport (4 actifs)
Hub at London Groveport (4 actifs)

Média

Points clés d'investissement

  • Prime Logistics Location with Immediate Access to Rickenbacker International Airport


  • Class A, Institutional-Quality Assets


  • Growing In-Place Cash Flow with Investment-Grade Credit Exposure


  • Yield Enhancement via Lease-Up and Mark to Market


  • 6.68-acre Trailer Parking Lot Provides Future Development Opportunity


  • 75% Real Estate Tax Abatement through 2029 (Pay 2030)


  • High-growth Southeast Columbus Industrial Submarket




Bill Poffenberger

Ohio Broker - Senior Managing Director

License 3: OH - 352247

513.252.2107

Bill.Poffenberger@jll.com


Hub at London Groveport 4_Actifs en vente
Hub at London Groveport 4_Actifs en vente

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Dernière mise à jour
16 mai 2024