Small Bay Industrial Portfolio
- Purchased a 100% leased four-building 221,000 sf, 36-acre small bay industrial park with 5 acres of outdoor storage
- Rare purpose-built small bay industrial portfolio of scale with future development optionality
- Opportunity to significantly increase rents across the portfolio
- Purchased below replacement cost
Investment Themes:
Mark-to-market opportunity in a fast-growing, institutionalizing market with limited supply