Foundry Commercial is pleased to present the opportunity to acquire 565 Brick Church Park Drive (the “Property”), a ±75,000 SF infill industrial facility located just 5 miles from downtown Nashville in one of the most-desirable and most densely populated submarkets, Nashville’s Industrial Central Business District. The property is 100% leased to AllParts Medical, a subsidiary of multinational and publicly traded healthcare corporation Philips (NYSE: PHG). Philips/AllParts has occupied this Property since 2018 and recently renewed its lease at market-rate terms, which increased its base rental rate by 82% plus 4.0% annual escalations — demonstrating Philips’ strong commitment to the Property. Philips recently invested over $3.5 Million ($47 PSF) of their own money into capital improvements to the Property. Philips’ significant capital investment in full-building HVAC, state-of-the-art office and technician spaces, ESFR sprinklers, LED lighting, and other “bolt down” building improvements further demonstrates Philips’  long-term commitment to the Property. The Property is a unique opportunity to acquire an irreplaceable logistics asset in one of the strongest industrial markets in the country.