EXECUTIVE SUMMARY

Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of the Central U.S. Multi-Tenant Portfolio (the “Portfolio”), a four-building portfolio consisting of 539,371 square feet of highly functional space 100% leased to committed tenants.

The properties are situated in the top performing submarkets within their respective markets – Central DuPage (Chicago), Northwest (Cincinnati) and DeSoto (Memphis). These locations continue to be thriving centers for distribution and logistics due to their central location, depth of labor, highway access and proximity to major shipping hubs.

The Portfolio is 100% leased to 14 tenants, the majority of which have displayed their commitment to the sites through numerous renewals and expansions, resulting in a weighted average tenure of just over 13 years. With 37% of the Portfolio (by SF) rolling in the next three years with a 35% mark-to-market opportunity, investors have the ability to capture higher yields through the mark-to-market of near-term expirations.

The offering represents the opportunity to acquire four well-located and highly functional assets in three dynamic industrial markets with continued strong market fundamentals.

INVESTMENT HIGHLIGHTS

  • Institutionally Owned and Developed Class A Assets
  • Durable Cash Flow with Upside
  • Significant Discount to Replacement Cost
  • Located in Preeminent Submarkets

OFFERING AT A GLANCE

Size: 539,371 SF
Building(s): 4
Tenant(s): 14
Leased: 100%
WALT:

3.7 Years

Average Clear Height: 27'
Average Year Built: 2004
   

 

CONTACTS

MIDWEST

JIM CARPENTER

Vice Chair
+1 312 470 3830
jim.carpenter@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

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

SOUTHEAST

STEWART CALHOUN

Vice Chair

+1 404 853 5356

stewart.calhoun@cushwake.com

 

CASEY MASTERS

Executive Director

+1 404 853 5227

casey.masters@cushwake.com

 

RYAN BELLOWS

Director

+1 901 482 6767

ryan.bellows@cushwake.com 

 

 

CHICAGO

BRITT CASEY

Executive Vice Chair
+1 847 518 3280
britt.casey@cushwake.com 

 

JEFF MATELLA

Director
+1 847 720 1349
jeff.matella@cushwake.com  

MEMPHIS

KEMP CONRAD

Principal
+1 901 366 6070
kconrad@commadv.com 

 

OWEN MERCER

Vice President
+1 901 273 2343
omercer@commadv.com 

CINCINNATI

JEFF BENDER

Executive Vice Chair
+1 513 763 3046
jeff.bender@cushwake.com 

 

SEATTLE STEIN

Director
+1 513 763 3027
seattle.stein@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 

CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP

CENTRAL

Jim Carpenter

Mike Tenteris

Adam Tyler

Megan Barker

MOUNTAIN WEST

Will Strong

Michael Matchett

Molly Hunt

WEST

Jeff Chiate

Rick Ellison

Bryce Aberg

Matthew Leupold

Ashley Tassano

FLORIDA

Mike Davis

Rick Brugge

Rick Colon

Dominic Montazemi

SOUTHWEST

Jim Carpenter

Jud Clements

Robby Rieke

Trevor Berry

NORTHEAST

Gary Gabriel

Gerry Blinebury

Kyle Schmidt

Jon Carpenter

Graham Savage

SOUTHEAST

Stewart Calhoun

Casey Masters

Ryan Bellows

Drew Stanford

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