
Leonardo DRS - Bridgeton, MO
4545 N Lindbergh Blvd, Bridgeton, MO, 63044-2202, US
15,933 m²
Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Riverside Logistics Centre II (the “Property”, the “Offering”, or “RLC II”), a 328,320 square-foot, Class-A+ development located in the heart of the 95% occupied Kansas City industrial market, North America’s third most prolific MSA in terms of year-to-date net absorption. The Offering allows immediate access to nearby Interstates 635, 70, and 29, and is 100% leased to three high-quality tenants on NNN leases, including investment grade exposure from Bunzl (LSE: BNZL, S&P: BBB+). With just under 4.5 years of WALT remaining across the rent roll, investors are offered the opportunity to acquire best-in-class product highlighted by stable, growing cash flows in one of the country’s best performing industrial markets.
Positioned less than five minutes from I-635, this site presents users with highway connectivity to and from Kansas City’s intermodal transportation infrastructure. The Charles B. Wheeler Downtown Airport, BNSF’s Murray and Argentine Yards, as well as UPN’s State Line Yard are all located within 10-miles of the Property, while the Kansas City International Airport is set less than 15-miles away. The logistical advantages of the Northland submarket have made it a preferred destination for blue-chip users to invest in. The area immediately surrounding RLC II includes suites occupied by Amazon, Grainger, Red Bull, Frito-Lay, and ARCO Construction. Riverside Logistics Centre II represents a crown-jewel development within an institutionally owned and occupied micro-market, allowing investors confidence in future rent growth and an ability to grow property values long-term.
David Steinbach MO License 481000132