Central-Sunbelt Industrial Portfolio

Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the exclusive sales advisor to market the fee simple and leasehold interest in the Central-Sunbelt Industrial Portfolio (the "Properties", the "Portfolio", or the "Offering"), a collection of seven Class A and specialized small-format industrial assets totaling 1,553,418 square feet distributed evenly across Southeast and Midwest markets. 100% leased to seven tenants with 6.9 years of WALT, the single-tenant Portfolio offers investors the ability to aggregate infill industrial product at a significant discount to replacement cost while benefiting from a 27.6% mark-to-market opportunity on in-place rents, providing a runway to outsized returns. Investors may bid on the assets as a portfolio or individually.  

The Portfolio is defined by its diversity in profile, geography, tenancy, and use it offers investors within a single investment. Completed in 2017 (on average), the Portfolio offers diversity in product, with four distribution assets averaging 334,378 SF and three specialized facilities averaging 71,968 SF. Additionally, the Portfolio is evenly distributed between the high-growth Sunbelt markets of Jacksonville, Atlanta, and Broward County, FL (50.9% of year-one NOI) and infill, land-constrained locations in the high barrier-to-entry Midwest markets of Columbus, Chicago, and Cincinnati (49.1% of year-one NOI).

The Portfolio's seven unique tenants operate across the pharmaceutical, aerospace, food/beverage, and household products industries. These tenants provide a growing in-place cash flow from the high-quality tenant profile mix (19% Investment Grade), including a Fortune 500 company. A 27.6% mark-to-market opportunity coupled with 6.9 years of WALT from entrenched, invested tenancy provides a unique opportunity to steadily grow cash flow through contractual lease escalations and a staggered rollover schedule upon lease maturity.