Epps Mill Industrial Park - Christiana, TN

Jones Lang LaSalle Americas, Inc ("JLL"), on behalf of Sansone Group, is excited to present an equity investment opportunity: the Epps Mill Industrial Park (the "Project" or "Development"). The Project will be a two-building Class-A rear-load facility spanning 377,000 square feet of speculative industrial development. Strategically located in the highly sought-after Southeast Nashville industrial market, the Project occupies a prime position within the I-24 Distribution Corridor in the Murfreesboro area.

This submarket consistently ranks among the nation's strongest industrial hubs, boasting a compelling value proposition driven by constrained development pipeline, declining vacancy rates, and a highly favorable business environment. The Epps Mill Industrial Park benefits from direct access to key logistics arteries including I-24, I-40, I-65, and I-840, as well as Nashville International Airport. This strategic location enables access to 75% of the US population within a two-day truck journey, ensuring the market's enduring strength while offering major opportunities for regional connectivity to Atlanta's world's busiest airport, Memphis' FedEx World Hub, and Louisville's UPS World Hub.

The Corridor attracts a skilled workforce, creating an ideal environment for businesses seeking efficient labor capabilities. The Project's proximity to Murfreesboro's robust workforce further enhances its competitive edge within the Southeast Nashville market, which has outperformed comparable markets in rent growth and absorption.

The Sponsorship team has extensive experience in developing and operating state-of-the-art industrial facilities. The Sponsor is seeking a 90% / 10% JV partnership to fund the Development, which will require a total capitalization of approximately $55.9 million ($148 PSF). Sponsorship is requesting approximately $22.6 million ($60 PSF) of LP equity to join with the Sponsor’s equity of $2.5 million ($6.68 PSF) in order to fund the speculative Project, assuming 55% leverage. Based on these metrics, the Project presents a levered IRR of 34.4% and an equity multiple of 2.3x.