Port of Virginia Shallow-Bay Portfolio

Various locations

Description

Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as exclusive advisor to present the opportunity to acquire the fee simple interest in the Port of Virginia Shallow-Bay Portfolio (the “Portfolio” or “Offering”), a four-building shallow-bay logistics portfolio totaling approximately 655,852 square feet located in Hampton Roads, Virginia. This unique opportunity offers investors the chance to acquire immediate cash flow with embedded 23% rental upside in America's fastest-growing East Coast port market.

The Portfolio is strategically positioned within the Hampton Roads MSA, benefiting from direct proximity to the Port of Virginia, the deepest and most cargo-efficient port on the Eastern Seaboard. The Offering comprises modern, institutional-quality distribution facilities leased to a diverse tenant roster including Home Depot, Dana Limited, and TireHub, with 3.3 years of Weighted Average Lease Term (WALT).

The Portfolio is ideally positioned for investors seeking durable cash flow from a diverse, credit-quality tenant roster, coupled with compelling near-term value creation through immediate lease-up of existing vacancy and the opportunity to capture substantial mark-to-market upside as leases roll.

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Attributes

Building area gross

655,852 sf

Occupancy

82.3%

Land area gross

46.7 acres

WAULT

3.3 years

Port of Virginia Shallow-Bay Portfolio (4 Properties)

Media

Investment highlights

SUBSTANTIAL MARK-TO-MARKET UPSIDE WITH IMMEDIATE VALUE CREATION

• 23% portfolio-wide mark-to-market upside, with in-place rents averaging $11.18 PSF (NNN).

• Advantageous lease rollover concentration in 2027–2029 (66% of RBA), providing near-term value-add opportunities to capture rental growth.

• 2601 Indian River Road lease-up opportunity provides 115,926 SF of vacant, premier visibility space for ready for immediate occupancy.

DIVERSIFIED, CREDIT-QUALITY TENANT BASE WITH EXCEPTIONAL TENANT RETENTION

• 82.3% occupied by a diverse roster of 10 national and regional tenants, including Home Depot, Dana Limited, TireHub, XPO Last Mile, and Air Cartage Express with no tenant representing more that 23% of the Offering.

• Average tenant tenure exceeds 9.5 years, demonstrating exceptional tenant satisfaction and long-term commitment to the Portfolio.

• WALT of 3.3 years, providing modern, functional industrial specifications designed for operational efficiency.

STRATEGIC PORT-PROXIMATE LOCATION WITH UNPARALLELED CONNECTIVITY

• Less than 10 miles from Virginia International Gateway, with direct access to major truck routes and minimal stopping points.

• Harbour View assets have immediate access to I-664 (<2 miles) and the Indian River asset has immediate access to I-64 (<4 miles), providing seamless connectivity to the Port of Virginia - the deepest and most efficient port on the East Coast.

• One-day drive to over 50% of U.S. population, positioning the Portfolio as a premier distribution gateway for Mid-Atlantic and Southeast markets.