6310 & 6315 Hillside Court
Columbia, MD, US, Americas
8,107 sm
Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in The Hub at London Groveport, a collection of four (4), 2020-built industrial assets totaling 1,590,495 square feet and a 6.68-acre trailer parking lot in the Columbus, Ohio MSA (the “Offering” or the “Portfolio”). The Portfolio is composed of (1) bulk, 1,059,000 square foot cross dock facility and three (3) rear-loads ranging from 136,315 SF to 261,660 SF, ideally positioning the Portfolio to serve Columbus’s Southeast submarket’s blue-chip tenant base that capitalizes on Rickenbacker International Airport and proximity to key interstates and intermodals. While the Portfolio offers a growing in-place cash flow and 5.4 years of WALT, the Offering is best defined by the near term path to cash flow growth offered by leasing the available, 54,059 square foot suite at Building 2 (3.4% of Portfolio SF) and a 48% mark-to-market opportunity as the other two rear-loads leased to Amazon and Lasership (dba OnTrac Final Mile) roll over the next three (3) years. As such, The Hub at London Groveport represents a unique opportunity to acquire core, Class A industrial properties located near pivotal transportation infrastructure with a near-term path to outsized yields.
Bill Poffenberger
Ohio Broker - Senior Managing Director
License 3: OH - 352247
513.252.2107