5700 Royce Street, Kannapolis, NC, 28083, US

Metro 63

자산 설명

On behalf of Ownership, Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the exclusive sales representative for Metro 63 (the "Property"), a 755,928 square foot

Class A logistics facility situated adjacent to I-85 in the Charlotte, North Carolina MSA. The asset is 100% leased to a Charlotte-based international supplier of sports apparel

and memorabilia, on a fresh 10.5-year lease with 3.5% annual rental escalations.

The 2022-built facility sports a multitude of institutional-quality features including 580’- deep cross-dock loading, 40’ clear, 190’-deep truck courts with trailer parking, ESFR and motion-sensor LED. In the transition to this new mission-critical headquarters space, the tenant is making a substantial investment in the asset such as installing 10,000 SF of "customer experience and demonstration" space and upgrading interior racking systems. The facility accesses all of the major urban metro areas of the booming Southeast via a centralized location along the I-85 logistics corridor at the approximate midpoint between Atlanta, GA and Richmond, VA.

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개요

건물 면적 순

70,228 제곱미터

점유율

100%

건축년도

2022

토지 총면적

8 제곱미터

미디어

투자 하이라이트

STABLE IN-PLACE CASH FLOW WITH STRONG YIELD GROWTH

• 100% leased to a Charlotte-based international supplier of sports apparel and memorabilia on a fresh 10.5-year lease term

• Robust contractual NOI expansion during the lease term with 3.50% annual rental escalations

• Two (2), five (5)-year Fair Market Value renewal options

MISSION-CRITICAL USE HQ FACILITY WITH SUBSTANTIAL TENANT INVESTMENT

• Metro 63 will form the keystone to the tenant's sports apparel and equipment distribution, becoming the firm's new mission-critical headquarters and logistics and light assembly hub for the Charlotte-based firm

• The tenant is investing over $7.5 million of enterprise capital to tailor the functionality of the space to their use, including the installation of a purpose-built 10,000 SF "customer experience and demonstration" space and upgrades to racking systems, among others

HIGHLY-FUNCTIONAL CLASS A DISTRIBUTION FACILITY

• Concrete tilt-wall construction with abundant glass lines and sleek accented paint scheme

• 40' clear, ESFR and LED lighting with motion sensors; facility features a total of 7,500A of power to accommodate tenant operations of all sizes

• 580'-deep cross-dock with 69 dock doors serviced by 190'-deep truck courts with 60' concrete aprons; 74 additional knock-out panels and 170 trailer stalls to accommodate high-volume distribution

• 500 auto parking spaces in addition to multiple access points and storefronts allow for future multi-tenant capability

HIGHLY ADVANTAGEOUS DISTRIBUTION LOCATION

• Centralized location adjacent to the I-85 logistics and distribution super corridor at the approximate midpoint of Atlanta and Richmond

• Proximity to major Sun Belt urban metro areas including Charlotte, Raleigh-Durham, Greensboro-Winston Salem, Greenville and Charleston

• World-class logistics infrastructure of the Southeast is anchored by the Ports of Charleston and Savannah located less than 300 miles away