Bullitt II Logistics Center

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Bullitt II Logistics Center (the "Property", the "Asset", or the "Offering"), a 436,716 SF Class A distribution facility located in the highly-coveted Bullitt County submarket just south of Louisville. Delivered in Q4 2022, this state-of-the-art facility was speculatively developed by best-in-class developer, Core5 Industrial Partners, with modern logistics features in mind that today's logistics users require, including 36' clear height, fully-circulating truck courts, 130' & 185' truck court depths, and significant trailer parking. 100% leased to RB Distribution, a wholly-owned subsidiary of Dorman Products (NYSE: DORM), the Offering boasts a stable, growing cash flow with 6.3 years of lease term remaining and in-place rent approximately 10% below-market.

Strategically positioned on the most high-profile intersection in the Bullitt County submarket, the Property provides immediate access to I-65 presenting its users both regional and national connectivity. This has attracted blue-chip users including Amazon, Walmart, UPS, Best Buy, and Gordon Foods, among others. Furthermore, the Property sits in a deep blue-collar labor pool in Shepherdsville, KY, providing users an advantage for labor recruiting and retention. The market's transportation infrastructure and robust demographics has translated into strong user demand, evident by consistent rent growth (10.3% CAGR since 2020) and a sub-5% vacancy rate. With a lack of available land and topographical challenges, the Property presents investors an opportunity to invest in one of the tightest Midwest markets. Bullitt II Logistics Center offers investors top-tier industrial product backed by a stable income stream from a publicly-traded tenant with robust financials.