Southwest Logistics

Deal Type: Acquisition

Risk Profiles: Core Plus

Property Types: Industrial

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EXECUTIVE SUMMARY

Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of Southwest Logistics Center (the “Property”), a 505,952 square foot, state-of-the-art, Class A cross-dock distribution center in dynamic Shakopee Minnesota. Currently 100% leased, Southwest Logistics Center provides investors with:

  • Newly constructed, 36’ clear Class A cross-dock facility designed
    for modern distribution
  • Sam’s Club anchor tenancy with corporate guaranty from Walmart
  • Efficient access to primary transportation arteries including direct access to Highway 169
  • Ideally situated along I-35 North American Trade Corridor
  • Disciplined Minneapolis market fundamentals with outperforming bulk distribution product type

 

Developed in 2022, Southwest Logistics Center is anchored by Sam’s Club (365,552 SF), which is committed under a long-term lease featuring contractual 2.75% annual rent escalations. Apex International, a leading contract manufacturer of specialized products, occupies the balance of the building (140,400 SF / 28%) on a similarly long-term lease with 3.5% annual escalations. The Sam’s Club lease includes a corporate guaranty from Walmart (AA Credit rating) providing durable cash returns to investors.

INVESTMENT HIGHLIGHTS

  • 100% Leased, Newly Constructed State-Of-The-Art Asset
  • Sam’s Club Anchor Tenancy with Walmart Investment Grade Credit
  • Efficient Access to Vital Transportation Arteries
  • Minneapolis Performance Premium & Disciplined Development Market

OFFERING AT A GLANCE

CONTACTS

AVERY TICER, JD, CFA
Executive Director
+1 952 893 - 7592
avery.ticer@cushwake.com

 

ADAM TYLER
Vice Chair
+1 312 470 1840
adam.tyler@cushwake.com 

 

MIKE TENTERIS
Vice Chair
+1 312 470 3832
michael.tenteris@cushwake.com

 

JIM CARPENTER
Vice Chair
+1 312 470 3830
james.carpenter@cushwake.com

 

MEGAN BARKER
Director
+1 312 424 8202
megan.barker@cushwake.com

 

ADAM HOFFMAN
Director
+1 952 452 2965
adam.c.hoffman@cushwake.com

 

 

KRIS SMELTZER

Executive Managing Director

+1 952 837 8575

kris.smeltzer@cushwake.com

 

 
JEFF ALTENAU
Vice Chair
+1 312 470 2355
jeff.altenau@cushwake.com

ZACH YARNOFF

Managing Director
+1 312 424 8205
zach.yarnoff@cushwake.com