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The Silver Lake Collection
Los Angeles, CA, US, Americas
1,010 sm
Jones Lang LaSalle America, Inc. ("JLL") has been exclusively retained by ownership as the sales representative for Interstate West Buildings A & C, also known as "the Properties". These state-of-the-art industrial facilities, spanning a total of 1,795,201 square feet, are located within the 515-acre Interstate West industrial park. Situated adjacent to the I-16 / U.S. 280 interchange, the properties boast a prime location across the street from 17 million square foot Hyundai Metaplant, which is currently under construction with a planned operational date by Q4 2024. Buildings A and C have direct access and are only 3 truck turns to the Port of Savannah, North America's largest single-terminal container facility.
Interstate West Buildings A & C offer an outstanding investment opportunity backed by prestigious tenants and long lease terms in one of the most high-performing industrial markets in the United States. Building A, with a total area of 637,868 square feet, is currently 79% occupied and has one lease pending to bring occupancy to 100%. The leases are guaranteed by Glovis America, Inc, a subsidiary of Hyundai Glovis Company, Ltd (Rev $18.9 billion, BBB+ S&P) and Hyundai Motor Company (Rev $121.7 billion, BBB+ S&P), along with AJ Networks Company (Rev $741 million, KRW: 095570). There is a newly executed LOI on the last unit to a confidential tenant with a parent company that generates over $67 billion in revenue. Building A will have a 9-year WALT and will be leased to three substantial suppliers to the nearby Hyundai Metaplant. Building C, making up 1,157,333 square feet, is fully leased with a remaining term of 9.3 years. The lease is guaranteed by Clark Associates, Inc (Rev over $3 billion). The Webstaurant Store, Inc., a subsidiary of Clark Associates, Inc, operates within the building and stands as the largest online wholesale restaurant supplier in the entire country.
FINANCIAL HIGHLIGHTS
Building A
Building C
UNPRECEDENTED INDUSTRIAL MARKET FUNDAMENTALS