Southwest Logistics
Deal Type: Acquisition
Risk Profiles: Core Plus
Property Types: Industrial
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
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100% Leased, Newly Constructed State-Of-The-Art Asset
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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
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| MIKE TENTERIS Vice Chair +1 312 470 3832 michael.tenteris@cushwake.com |
JIM CARPENTER Vice Chair +1 312 470 3830 james.carpenter@cushwake.com
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| MEGAN BARKER Director +1 312 424 8202 megan.barker@cushwake.com |
ADAM HOFFMAN Director +1 952 452 2965 adam.c.hoffman@cushwake.com
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KRIS SMELTZER Executive Managing Director +1 952 837 8575
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| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |