Value-Add Industrial Investment
- Two adjacent industrial buildings totaling 81,000 sf on 7.9 acres in the Collington Industrial Park
- Highly functional buildings with above-market clear heights, outdoor storage area and parking
- Acquisition basis is a significant discount to replacement cost
- Opportunity to upgrade the appearance and functionality of the property and to lease vacant space in a tightening submarket
Investment Themes:
Value Add Industrial – Demand/supply imbalance, opportunity to "institutionalize" building and create long-term cash flow