A 425,000-square-foot Class A distribution facility positioned at the intersection of two major interstate corridors, fully leased to investment-grade tenants under long-term triple-net structures.
Acquired below replacement cost in a supply-constrained logistics submarket benefiting from sustained e-commerce demand and regional distribution consolidation.
Institutional-quality asset management with staggered lease rollover, mark-to-market rent capture, and selective capital improvements to sustain Class A positioning.
The Columbus industrial market has posted sub-4% vacancy for five consecutive years, driven by its one-day truck reach to nearly half of the U.S. population.
LED retrofit and trailer-parking expansion completed in 2022; ESFR sprinkler upgrade scheduled ahead of the 2027 lease maturities.
-
Q2 2021
Acquisition
Off-market acquisition at $278/SF, below replacement cost.
-
Q4 2022
Capital Program
Completed LED retrofit and trailer-parking expansion.
-
Q1 2024
Lease Extension
Extended anchor tenant through 2032 at 18% rent mark-to-market.