Winchester 527

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Winchester 527 (the “Offering”, the “Property, or the “Asset”), a 100% occupied, bulk distribution facility strategically located in Columbus’s southeast submarket at the intersection of a strong labor shed, pro-business environment with both regional and national highway connectivity. Built by best-in-class developer, Becknell Industrial, this 527,023 SF facility was delivered with all the modern characteristics required by high-quality logistics users including 40’ clear height, 185’ truck court depth and fully-circulating flow-through site layout plus excess trailer parking and over 50 fully loaded dock-high doors. The Offering’s strategic location directly off US-33, just 20-minutes from downtown Columbus, has attracted one of the nation’s leading plumbing and HVAC equipment distributor’s, SupplyHouse, LLC (the “Tenant” or the “Company”). With just three (3) other distribution facilities across the country, this site serves as the Company’s primary Midwest distribution hub with immediate access to nearly 50% of the US population.

Positioned within Columbus’s premier Southeast industrial submarket, the Offering is surrounded by household name tenants including Amazon, Walmart, DHL, Walgreens, FedEx, Lowe’s, among others that have flocked to the submarkets logistical advantages including the Rickenbacker International Airport, Norfolk Southern Intermodal Terminal, and a deep pool of blue-collar labor. Beyond the submarket, Columbus’s central location and business-friendly environment has drawn substantial investment in recent years from companies such as Intel, Amazon, and Google. While strategic transportation infrastructure and investment in Columbus broadly benefits the Offering, so does the correlated population growth of Columbus - which ranked as the fastest growing city in the U.S. the second half of 2023 per Bank of America. The Offering presents investors the opportunity to acquire high-quality bulk distribution product backed by 6.4 years of lease-term remaining with accretive 3.25% annual escalations plus fair-market renewal options presenting the owner with future upside as the Columbus market continues to realize exceptional rent growth.