STABLE IN-PLACE CASH FLOW
The Portfolio is 81% occupied to a deep tenant roster offering steady in-place cash flow with significant value creation upside through lease-up of vacant suites.
ACCESSIBLE, INFILL LOCATION
With properties located just north of Memphis International Airport and just north of the I-40/I-240 interchange, the Portfolio's infill locations offer prime access to Memphis' logistics demand drivers.
SIGNIFICANT CONCENTRATION OF SMALL BAY PRODUCT
The property offers a substantial mass of small bay industrial product to complement existing holdings or establish an immediate presence in a mission-critical logistics market.
MINIMAL CONSTRUCTION PIPELINE
The Memphis market has only 541K SF of properties currently under construction, representing approximately 0.1% of existing supply.
FUNCTIONAL, MULTI-TENANT DESIGN
Future ownership can customize existing suites for the diverse pool of tenants this property caters to. The average suite size is 2,550 square feet and no one tenant occupies more than 4.24% of the property. The property’s balanced rollover schedule mitigates the risk of leasing exposure in any given year of an investor’s hold period, and the property’s diverse tenant base minimized investor’s risk exposure to one particular industry.