Midpoint Logistics Center_Property for Sale
Midpoint Logistics Center_Property for Sale
Lancaster, TX, US, Americas

Midpoint Logistics Center

Portfolio description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to acquire Midpoint Logistics Center 1A & 1B (the "Property"), a newly constructed, Class-A, industrial park comprised of two cross-dock facilities totaling 1,600,445 square feet located in South Dallas. Built in 2023 as a spec development, the Property is 100% leased to two investment-grade tenants with 8.9 years of weighted average lease term remaining. The Property is strategically positioned in between I-35 & I-45, two of the most vital north / south thoroughfares connecting Dallas both to the southern border with Mexico as well as to the North Central Region of the US. Midpoint Logistics Center 1A & 1B offers investors strong in-place cash flow via investment grade tenancy, while capitalizing on the unique opportunity to acquire two best-in-class industrial buildings below replacement cost.

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Attributes

Building area gross
148,686 m²
Occupancy
100%
Year built
2023
WAULT
8.9 years
Midpoint Logistics Center (2 Properties)
Midpoint Logistics Center (2 Properties)

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Investment Highlights

  • 100% LEASED WITH 8.9 YEARS OF WALT
  • 20% BELOW MARKET RENTS WITH STABLE 3.00% ANNUAL ESCALATIONS
  • STEADY IN-PLACE CASH FLOW WITH INVESTMENT-GRADE TENANCY (S&P: A- & BBB)
  • CLASS AA CONSTRUCTION WITH BESTIN-CLASS SPECIFICATIONS
  • TOP-TIER LOGISTICS LOCATION FOR LOCAL, REGIONAL, AND NATIONAL DISTRIBUTION ALONG I-20, I-35, AND I-45
  • INSTITUTIONAL INDUSTRIAL CORRIDOR WITH STRONG CORPORATE TENANCY
  • ABILITY TO ACQUIRE SCALE WITHIN DALLAS-FORT WORTH
Midpoint Logistics Center 4_Property for Sale
Midpoint Logistics Center 4_Property for Sale

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Last updated
5 Nov 2024