available listings july 2018 - cbre/media/cbre/countryunitedstates/...cbre national partners july...
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AVAILABLE LISTINGS July 2018
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
RUBENSTEIN PROPERTIES PORTFOLIONEW JERSEY | CONNECTICUT | MASSACHUSETTS | IOWA | ALABAMA | PENNSYLVANIA | INDIANA
PROPERTY DESCRIPTION
28 Buildings and 1 Developable Parcel
5,030,648 SF
95.76% Occupied
CBRE is offering the opportunity to purchase the entire portfolio, sub-portfolios, or individual assets on a free and clear basis without debt
INVESTMENT HIGHLIGHTS
Northeast Critical Mass - Portfolio represents an opportunity to secure 24 properties amassing 3.4 MSF of efficient distribution and multi-functional buildings in the Northeastern US. Northeast locations (NJ, MA, CT and PA) account for 72.8% of the Portfolio’s in-place Net Operating Income and 68% of the overall square footage
Long Term, Entrenched Tenancy - Portfolio benefits from a secure in-place cash flow
with 95.2% of the premises leased to a variety of public and private companies. At the end of the existing lease term, the average tenure for the in-place tenants will be over 15.5 years.
Value-Add Upside Through Rollover of Tenants to Market - Year 1 in-place rents are currently 27.9% below current market levels. Portfolio’s weighted average remaining lease term of 3.5 years provides extreme value enhancement
www.cbrenp-rubensteinpropertiesportfolio.com
PROPERTY DESCRIPTION
Two Class A bulk warehouses totaling 599,495 SF in Houston, TX & Spartanburg, SC
THE SUNBELT PORTFOLIO HOUSTON, TX & SPARTANBURG, SC
INVESTMENT HIGHLIGHTS
Walmart Spartanburg: one of five mission critical Walmart reverse logistics centers (returns) in the United States with over 6 years of remaining lease term remaining
Located just half a mile off Interstate 26 and less than three miles from Interstate 85 Close proximity to the Greer Inland Port which serves as the inland port to the Port of Charleston
Bayport South Business Center: state-of-the-art brand new distribution center 100% leased to UNIS and functions as an import facility serving the Port of Houston
Located on a Texas heavy haul corridor allowing for easy transport of heavier loads to the ports
UNDER CONTRACT
BIDS DUE 7/26
NATIONAL URBAN LOGISTICS PORTFOLIOVARIOUS, USA
PROPERTY DESCRIPTION
4,512,438 square feet of light industrial assets located in dense, in-fill locations across 7 highly desirable supply chain markets in the United States
INVESTMENT HIGHLIGHTS
91% leased with in-place rents 6.88% below market and a staggered rollover schedule
The Portfolio is leased to 193, regional and nationally recognized tenants with suite sizes ranging from 1,112 square feet to 163,000 square feet
Provides an investor the opportunity to acquire a critical mass of high quality, last touch industrial product in a single transaction
CLOSED
http://www.cbrenp-rubensteinpropertiesportfolio.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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WEST HILLS BUSINESS CENTER – BUILDING F9611 WEST HILLS COURT, KUTZTOWN (LEHIGH VALLEY), PA
PROPERTY DESCRIPTION
Single tenant warehouse/distribution
336,901 SF
100% Leased
Primary Inland Hub for the NY Metro Area
Extreme Barriers to Entry
INVESTMENT HIGHLIGHTS
West Hills Business Center - Featuring 2.6 MSF of world-class, institutionally developed and owned bulk warehouse/distribution buildings, West Hills Business Center represents the largest concentration of 2010+ completed inventory in Lehigh County
5+ Year Term with Global Logistics Operator - Tenant is a fully-integrated third-party supply chain provider in operation since 1932 operating in over 41.5 MSF of
warehouse and distribution space, including 2.0 MSF within West Hills Business Center
Optimal Efficiency/Functionality - Multiple points of ingress/egress, car parking lots at each end of the building, fence-secured 185’ truck court with 49 trailer parking spaces, minimum 32’ clear height, 60’ deep staging bays, 52’ x 52’ column spacing; and 320’ building depth
www.cbrenp-WestHillsBuildingF.com
BEST & FINAL
MIDDLESEX LOGISTICS CENTER549 MILL ROAD, EDISON, NJ PROPERTY DESCRIPTION
Class A Single-Tenant Warehouse/Distribution Center
570,100 SF
100% Net Leased to List Logistics
INVESTMENT HIGHLIGHTS
Superior Distribution Functionality - Completed in 2014, featuring 36’ clear height, 5,430 SF/Door, LED lighting, ESFR fire protection system, 14-foot slab elevation, and 60’ speed bays along all loading areas
Long-Term Lease with Contractual NOI Increases - 100% leased to List Logistics through September 2026 with 2.5% annual increases
Residual Upside Via Below-Market Rent
Robust Market Fundamentals – Thriving Exit 10 Submarket
Infill NJ Turnpike Exit 10 Location - The NJ Turnpike’s intersection with I-287 at Exit 10 presents unique multi-directional connectivity, making this an optimal hybrid location for local and regional distribution
www.cbrenp-middlesexlc.com
WIND GAP TRADE CENTER450A-458 MOORESTOWN ROAD, WIND GAP, PA
PROPERTY DESCRIPTION
Pre-commitment with Ashley Development Corporation and Vertek Construction Management
2 Buildings totaling 560,000 SF
Targeted for completion in the second quarter of 2019
Lehigh Valley, PA
INVESTMENT HIGHLIGHTS
Market Leading Specifications - 36’ clear height; 50’ x 54’ and 54’ x 57’ column spacing; 60’ speed bays; 7” thick 4000 PSI unreinforced concrete floors; two storefronts on each building; dedicated access points for car and trailer lots; well apportioned car and trailer parking to accommodate single or multi-tenant utilization; and 185’ truck courts
Experienced Lehigh Valley Sponsorship
Delivery Condition Built to Streamline Leasing Activity - At closing, the Developer will deliver two buildings with finishes designed to maximize inspection appeal to active leasing prospects and streamline the path to temporary certificates of occupancy
Location Highlights – Property is approximately equidistant from I-78 and I-80, providing two direct routes to NYC and the Ports of NJ
www.cbrenp-WindGapTradeCenter.com
http://www.cbrenp-WestHillsBuildingF.comhttp://www.cbrenp-middlesexlc.comhttp://www.cbrenp-WindGapTradeCenter.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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BUNZL BUFFALO DISTRIBUTION CENTER3366 WALDEN AVENUE, DEPEW, NY
PROPERTY DESCRIPTION
2017 Renovated bulk warehouse/distribution building
152,000 SF
8.38-Acre site
100% Occupied by Bunzl Distribution LLC
INVESTMENT HIGHLIGHTS
Secured Cash Flow from Global Tenant - Bunzl Distribution executed a seven-year lease renewal through Feb-2024
Long-Standing Critical Fulfillment Relationships with Name Brand Clientele - Bunzl services dry goods distribution needs of the Buffalo region’s largest grocery retailers, including Wegmans and Tops Friendly Markets
Comprehensive Institutionally-Managed Capital Renovations (2017) - Bunzl Buffalo benefits from a comprehensive $675,000 ($4.44 per SF) capital upgrade program
Location Highlights - Positioned less than 5 miles from Buffalo Niagara Int’l Airport, and within a 20-minute drive of the center of Buffalo’s CBD
www.cbrenp-bunzlbuffalodc.com
BEST & FINAL
MARSHFIELD BUSINESS PARK8410, 8411, 8415, 8416 KELSO DRIVE, ESSEX, BALTIMORE COUNTY, MD
PROPERTY DESCRIPTION
4 Class A Distribution Centers
7.17 Acre Development Parcel
1,334,755 SF
78.76 Total Acres
INVESTMENT HIGHLIGHTS
Unparalleled Rare 95 Corridor Investment Opportunity - Located at the intersection of I-95 and I-695 (the “Baltimore Beltway”) in Essex, MD, within Baltimore County
Yield Enhancement Opportunity - Value add through lease up of existing vacancy and 7.17 acre drop lot
Secured Income with Contractual Yield Growth - Secure in-place cash flow with 76.0% of the premises leased to a variety of companies, with all leases incorporating contractual annual rent increases and triple-net reimbursement structures
Loyal and Entrenched Anchor Tenants: Restoration Hardware & DAP Products, Inc. - Average tenant occupancy of over 20 years with weighted average remaining lease term of 4.39 years
www.cbrenp-marshfieldbusinesspark.com
BEST & FINAL
2201 GREEN LANE - BRISTOL COMMERCE CENTERBRISTOL, PA PROPERTY DESCRIPTION
340,282 SF
±30,000 SF expansion potential
97.1% Occupancy
Located within Bristol Commerce Center, an 80-acre site with potential for over 1,200,000 SF of Industrial and office property
INVESTMENT HIGHLIGHTS
Nationally and Globally Prominent Tenancy - Pet Valu Canada, Inc.; Jacobson Warehouse Company, Inc. (XPO Logistics); Dock Services, Inc. (Cott Corporation); DS Services of America, Inc.
Flexible Multi-Tenant Design - Featuring 39 dock positions and 12 drive-in doors well distributed across all sides of the building with an overall loading ratio of 6,672 RSF/door
25.41-Acre Site Provides Ample Parking, Trailer Storage and Expansion Potential
Wholesale Electric Purchase Agreement - Philadelphia Electric Company (PECO) operates a 33,000 kVA electric substation on-site
Infill Interstate Interchange Location - Bristol Commerce Center is accessible via Exit 358 of Interstate-276 (the PA Turnpike) and within a 15-minute drive of the Philadelphia County border
BEST & FINAL
www.cbrenp-2201greenlane.com
http://www.cbrenp-bunzlbuffalodc.comhttp://www.cbrenp-marshfieldbusinesspark.comhttp://www.cbrenp-2201greenlane.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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693 NORTH HILLS DRIVE YORK, PA PROPERTY DESCRIPTION
Infill development opportunity
Warehouse/distribution
352,000 SF
I-78/I-81 Industrial Corridor
INVESTMENT HIGHLIGHTS
Efficient and Flexible Design / Specifications - 36’ Clear height, rear-load configuration, two points of ingress/egress, full circulation, 52 trailer storage positions and 178 car parking spaces, 185’ truck courts, 52’ wide x 43’4” deep column spacing, with 60’ speed bay
Strongest Labor Density and Availability in Central PA
Limited Competitive Pipeline
LERTA Tax Incentives
Institutional Sponsorship with Local Expertise - Sponsor has acquired approximately half a billion dollars of assets totaling 10 million SF since formation in 2002 and have extensive I-78/I-81 Industrial Corridor entitlement and development/re-development experience
Immediate Highway Access - Property situated immediately South of US Route 30, less than a half-mile from I-83
UNDER CONTRACT
1100 MILL ROADALLENTOWN, PA (LEHIGH VALLEY)
PROPERTY DESCRIPTION
Class A single tenant bulk warehouse/distribution
187,648 SF
Located within Iron Run Corporate Center
100% Occupied by SunOpta, Inc. (Nasdaq: STKL.O)
INVESTMENT HIGHLIGHTS
Global Tenancy with Term and Contractual Rent Increases - SunOpta Inc. ($650 million market capitalization) guarantees the lease. SunOpta is a leading global producer and supplier of healthy products promoting sustainable well-being
Institutional Capital Improvements Minimize Near-Term Exposure
Entrenched Operation with Nearby Production Facility - Property serves to facilitate critical national distribution requirements related to the company’s aseptic beverage (soy and almond milk) production plant
Iron Run Corporate Center – Lehigh Valley’s Strongest Performer - The industrial concentration at the intersection of Interstate-78 and Pennsylvania Route 100 includes approximately 35.0 million square feet of bulk industrial inventory, and historically has reported market leading industrial leasing fundamentals
Top-Tier Class A, Food-Grade Functionality
UNDER CONTRACT
NJ LIGHT INDUSTRIAL PORTFOLIO804 E. GATE DRIVE & 550 CLARK DRIVE, MOUNT LAUREL & MOUNT OLIVE, NJ
PROPERTY DESCRIPTION
2 Highly functional/flexible light industrial buildings
213,613 SF
100% air-conditioned
Five existing tenants
83.8% Occupied with an average remaining lease term of 4.2 years
UNDER CONTRACT
INVESTMENT HIGHLIGHTS
Entrenched Tenancy Facilitating Critical Operations
Highly Functional Light Industrial
Business Park Settings
Institutionally Owned and Maintained
Infill Interstate Locations
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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I-295 SOUTHERN NJ PORTFOLIO100 MOUNT HOLLY BYPASS, LUMBERTON, NJ & 11000-13000 MIDLANTIC DRIVE, MOUNT LAUREL, NJ
PROPERTY DESCRIPTION
Two buildings located at 100 Mount Holly Bypass in Lumberton, NJ and 11000-13000 Midlantic Drive in Mount Laurel, NJ
299,407 SF
Excellent access to Interstate 295 and the New Jersey Turnpike
Ownership will consider expressions of interest in the Portfolio as well as in the individual properties
INVESTMENT HIGHLIGHTS
100 Mount Holly Bypass
• Constructed in 2000 as a build to suit project for InRange Technologies
• A masonry block and glass lined metal panel flex building that totals 162,744 SF with 112,945 SF of office space
• 49,799 SF fully air-conditioned warehouse section that includes 24’clear height, tailgate and drive-in loading, sky lights and high density fire suppression system
11000-13000 Midlantic Drive
• A flex-office building featuring split-faced masonry, sleek metal paneling, smokegray tinted windows, a TPO roof on 11000 Midlantic and EPDM roof on 13000 Midlantic, and a 3200-amp electrical service
• Accommodates a wide range of tenants with office, R&D, light manufacturing and/or warehouse requirements in an office oriented corporate campus setting
100 MOUNT HOLLY - CLOSED
11000 MIDLANTIC AVE – CLOSED
13000 MIDLANTIC AVE - MARKETING
NORTHERN NJ LAST MILE LOGISTICS PORTFOLIO VARIOUS, NEW JERSEY
PROPERTY DESCRIPTION
11 Building Portfolio
909,291 SF
INVESTMENT HIGHLIGHTS
Opportunity for Immediate Scale: 11 buildings totaling 909,291 square feet
Gateway Market Location: Northern New Jersey infill, last mile locations that are irreplaceable in terms of land availability and replacement costs
Highly Functional, Well-Maintained Assets: Flexibility in tenant suite size with single and multi-tenant properties
Financial Profile: 93% occupied with in-place rental rates that are +/- 36% below market rental ratesCLOSED
PROPERTY DESCRIPTION
243 acres of fully entitled land for up to 2.4 million SF of big-box warehouse/distribution development
Scheduled construction start as early as March 2016
INVESTMENT HIGHLIGHTS
Infill I-95 location in the heart of Harford County
Unique opportunity to control one of six fully entitled, bulk industrial development sites along a 300-mile stretch of I-95 capable of accommodating tenants larger than 850,000 SF
Ability to create development yields in excess of 7.50%
Approved Site Plan for up to 2,400,000 SF with flexibility to develop either a two building or three building Class A industrial park
4.6% Vacancy Rate in Harford/ Cecil County Industrial Submarket, with only a single option over 350,000 SF
PARTIALLY CLOSED
EASTGATE 95 INDUSTRIAL PARKWOODLEY ROAD, PERRYMAN, MD
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
203,736 square foot distribution facility 100% leased to RBW Logistics located in Augusta, GA
Tobacco Road Distribution Center (TRDC) is owned by RBW Logistics and is being offered as a sale-leaseback for RBW Logistics on a ten-year lease term
TOBACCO ROAD DISTRIBUTION CENTERAUGUSTA, GA
INVESTMENT HIGHLIGHTS
This is a unique opportunity to capture a long-term stable cash flow with contractual rent increases at a below replacement cost basis
This functional distribution facility is 100% dedicated to Prayon and will serve as the company’s single point of distribution for the entire US and North America
TRDC is strategically located 2.9 miles from Prayon’s only North American manufacturing plant which is owned by Prayon and produces food phosphates and tech grade products
PROPERTY DESCRIPTION
This collection of assets consists of five newly constructed single-load distribution facilities totaling 1,127,658 square feet and one 688,313 square foot cross-dock bulk facility that is under construction
The completed buildings average 1.1 years in age, are currently 100% occupied with a weighted average term of 8.90 years, and were 72.4% pre-leased at delivery
INTERSTATE LOGISTICS CENTERRALEIGH & GREENSBORO, NC
INVESTMENT HIGHLIGHTS
The buildings are located in the highly coveted I-85 Northeast and I-75 Northwest submarkets in Atlanta. Horizon Point, Blue Ridge Distribution Center, and Acworth Distribution Center are all strategic infill locations for their respective submarkets with little to no future development opportunities for industrial product at their interstate interchanges
State-of-the-art building specifications include: Architectural concrete tilt-wall construction, 30’ - 36’ minimum clear span heights, rear load, front load, and cross-dock configurations, 1.1 years average age of the completed buildings, 6.5% average office finish for existing tenants, and LED and T-5 lighting in the occupied spaces
COMING SOON
PROPERTY DESCRIPTION
The Carolina I-40/I-85 Logistics Portfolio consists of nine (9) industrial buildings totaling 1,304,096 square feet strategically located along the Interstate 40 & 85 corridor near the Raleigh and Greensboro metro areas
100% leased to 12 tenants in 9 buildings with 4.00 years of weighted-average term remaining
CAROLINA I-40/I-85 LOGISTICS PORTFOLIORALEIGH & GREENSBORO, NC
INVESTMENT HIGHLIGHTS
Modern, highly functional buildings ranging in size from 74,895 SF to 365,500 SF with timeless tilt-up, pre-cast and masonry construction
This offering presents an opportunity to acquire a critical mass of stabilized product within highly coveted industrial park and submarket environments, and with lease rates significantly below market
UNDER CONTRACT
www.cbrenp-ILP.com
www.cbrenp-tobaccoroad.com
http://www. cbrenp-ILP.comhttp://www.cbrenp-tobaccoroad.com
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PROPERTY DESCRIPTION
Two state-of-the-art class A cross-dock distribution buildings totaling 2,307,790 square feet located in McDonough, GA
Located in the South Atlanta submarket, these buildings reside in the epicenter of Henry County with immediate access to Interstate 75, GA Hwy 155 and Bill Gardner Parkway
LAMBERT FARMS LOGISTICS PARK ATLANTA, GA
INVESTMENT HIGHLIGHTS
The offering features one (1) single tenant building totaling 752,590 SF that is 100% leased to Tory Burch with over 13 years of remaining term, AND one (1) multi-tenant building totaling 1,555,200 SF that is 65% leased to Lindt & Sprungli (Ghirardelli Chocolate) with 10 years of remaining term
The buildings feature state-of-the-art specifications including 36’ minimum clear span height, ESFR fire suppression system, 54’ wide column spacing with 60’ speed bays, energy efficient LED or T-5 lights with motion sensors, and cross-dock configurations with full building circulation and dedicated trailer storage
CLOSED
PROPERTY DESCRIPTION
A 276,240 SF, 100% leased industrial opportunity located in Broward County, FL
Located in preferred, established industrial submarket (West Sunrise) with frontage along Commercial Boulevard (39,500 AADT) and less than one mile east of the 3rd Sawgrass Expressway interchange north of the I-75/I-595 interchange
The Property is currently 100% occupied to two global, industry-leading tenants
COMMERCIAL LOGISTICS CENTERTAMARAC, FL
INVESTMENT HIGHLIGHTS
Approximately 70% of the leased space has 2% or greater annual fixed rent escalations
Stable cash flow returning 45% NOI growth over a 10-year hold period
Functional design specifications including front, rear, and side loading configurations, 30’ clear span height, 8% overall office finish, and truck court depths ranging from 111’ to 298’ with large outside storage areas
UNDER CONTRACT
PROPERTY DESCRIPTION
Located in Memphis’ most active and second largest industrial submarket, this portfolio consists of 3 high quality buildings totaling 1,198,864 square feet and 1 to be built building totaling 191,700 square feet
The offering also includes two land sites in Memphis, Prologis Park Stateline and Prologis Park Distriplex
PROLOGIS PARK DESOTO8640 NAIL ROAD, OLIVE BRANCH, MS
INVESTMENT HIGHLIGHTS
Built in 2007, 2014, and proposed 2018, the facilities feature concrete tilt-wall construction, multi-tenant building design with office storefronts, 30’- 36’ clear heights, T8/T5 fluorescent lighting and 2.8% average office finish
Robust in-place cash flow and a strong tenant base with 3.08 years of weighted average lease term remaining
UNDER CONTRACT
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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One 800,000 SF bulk distribution facility that is 100% leased to Home Depot U.S.A., Inc. and located in Savannah, GA
Uniquely located within close proximity to Savannah’s most important demand drivers including the Port of Savannah, I-95, I-16 and Savannah International Airport
THE HOME DEPOT DISTRIBUTION CENTERSAVANNAH, GA
INVESTMENT HIGHLIGHTS
Savannah serves as Home Depot’s hub for its import distribution center operations on the east coast
Stabilized, appreciating income stream with 6.67 years of remaining lease term and the opportunity for upside upon rollover as current rent is $0.83 PSF below market
CLOSED
PROPERTY DESCRIPTION
Two new state-of-the-art industrial buildings totaling 441,175 SF located in Orlando’s Northwest industrial submarket
Strategically positioned with 3,400 feet of frontage on State Road 429, the park is highly visible from Orlando’s Western Beltway and provides immediate access to the state’s most critical transportation thoroughfares including, I-4, Florida’s Turnpike, I-75, and US 27, which link the major population centers in Florida
THE PARK AT 429ORLANDO, FL INVESTMENT HIGHLIGHTS
These highly functional bulk buildings feature concrete tilt-wall construction, rear loading configuration, 32’ minimum clear span heights, ESFR fire protection and ample trailer storage and auto parking
With one building 100% leased and the second building in the initial lease-up phase, this 76% occupied park is a core offering with an attractive core plus return profile
CLOSED
PROPERTY DESCRIPTION
Four buildings totaling 241,900 square feet located in Atlanta’s Airport Submarket
The park is strategically positioned within 6 miles from Atlanta’s key interstate thoroughfares and demand divers of I-285, I-85, I-75 and Hartsfield-Jackson International Airport
OVERMEYER INDUSTRIAL PARKATLANTA, GA
INVESTMENT HIGHLIGHTS
Currently 83.5% leased with 2.6 of years of weighted-average lease term remaining, this offering provides investors a unique opportunity to stabilize the return at a premium over capitalization rates for comparable properties
High quality functional warehouse with brick on block masonry construction, all concrete truck courts, T-5 lighting, and ow office finish
CLOSED
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
812,000 SF single tenant distribution facility constructed in 1998 by CenterPoint Properties featuring 30’ clear and ample trailer storage
The building is expandable by 196,000 SF to service any future expansion or the additional land (7 acres) can be utilized for additional trailer storage / car parking
Dial Distribution Center is located in Gateway Commerce Center in the St. Louis industrial market with access to major interstates
DIAL DISTRIBUTION CENTER 1 GATEWAY COMMERCE CENTER DRIVE, EDWARDSVILLE, IL
INVESTMENT HIGHLIGHTS
The Property is 100% leased to the Henkel US Operations Corporation through June 2023 at $2.95 PSF NNN with annual escalations in-place
The entity on the lease operates as a subsidiary of the German company Henkel AG & Co. KGaA, rated A by Standard and Poor’s
www.cbre-np-dial-stl.com
BIDS DUE 7/17
PROPERTY DESCRIPTION
Two high-quality industrial buildings totaling 148,040 SF
The Properties were built in 1994 and 2001, feature 24’-25’ clear height, 40’ x 40’ column spacing, ample loading, and above average truck court depth ranging from 120’-180’
The Portfolio possesses a nice variety of suite sizes ranging from 16,100 – 100,240 SF. The functional building design provides leasing flexibility and the ability to attract and maintain tenants
ST. LOUIS INDUSTRIAL PORTFOLIOEARTH CITY & ST. CHARLES, MO INVESTMENT HIGHLIGHTS
The Portfolio is 100% leased to four tenants with a weighted average remaining lease term of 2.98 years remaining, providing investors with strong and stable cash flow with a diversified rollover schedule and no tenant rolling to the market until 2020
The Portfolio boasts a diverse tenant base of local, regional and national tenants, highlighted by credit tenant FedEx Corporation
Both Properties in the Portfolio benefit from excellent highway accessibility to interstates 70, 270, 170, and 64, delivering quick connectivity to the Metro’s primary logistics corridors
www.cbre-np-st-louis-industrial-portfolio.com
PROPERTY DESCRIPTION
The Portfolio serves as Brake Parts Inc. global headquarters campus, inclusive of industrial warehouse, distribution and office space. The campus consists of two highly-functional properties totaling 666,325 SF, which are connected via an enclosed walkway
The campus includes a 378,325 SF industrial building that serves as the company’s primary distribution center, and a 288,000 SF warehouse/office facility, which serves as the company’s corporate headquarters
BREAK PARTS, INC. CORPORATE CAMPUSMCHENRY, IL
INVESTMENT HIGHLIGHTS
The tenant recently signed an 8-year lease extension that runs through October 2029, offering investors a stable and appreciating cash flow stream with 2.5% annual escalations
The tenant has been in McHenry over 50 years. Furthermore, the tenant has shown a long-term commitment to the location by investing significant capital into their warehouse infrastructure and equipment, making relocation costly
COMING SOON
http://www.cbre-np-dial-stl.comhttp://www.cbre-np-st-louis-industrial-portfolio.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
The 218,209 Sf multi-tenant industrial building features a low office percentage of 1.7%, above industry standard clear height ranging from 36’-40’, 130’ truck court depth, 25 docks and 1 drive-in door, and ample trailer parking
The Property is demised into two suites ranging in size from 72,769 – 145,440 SF, which allowed the Landlord to attract various user sixes when the building was being marketed
6150 HUNTLEY ROAD COLUMBUS, OH INVESTMENT HIGHLIGHTS
The Property is located in Columbus, OH with excellent highway accessibility. Tenants benefit from immediate access to a four-way interchange between State Route 161 and I-71, as well as major arteries including I-270 and I-670
100% leased to two tenants with a weighted average lease term of 2.8 years remaining. With a staggered leased expiration and no tenant rolling until 2021, the Property provides investors with stable cash flow in the booming Columbus industrial market
UNDER CONTRACT
PROPERTY DESCRIPTION
Three properties located in the Chicago industrial market totaling 429,500 SF with buildings ranging in size from 128,867 – 163,070 SF
Portfolio contains clear heights ranging from 22’ – 28’ clear, efficient loading, ample parking and ESFR fire protection
The properties are strategically located throughout the Chicago industrial market, well positioned to access major transportation arteries
CHICAGO INFILL LIGHT INDUSTRIAL PORTFOLIOCHICAGO, IL
INVESTMENT HIGHLIGHTS
100% leased to four tenants with a weighted average lease term of 5.79 years remaining, the Portfolio features a staggered lease expiration schedule with no tenant rolling until 2022
With record low vacancy rates, increasing construction costs and lack of available land in the O’Hare and Near West submarkets, the Portfolio provides investors the opportunity to purchase below replacement cost.
The Portfolio boasts a diverse tenant base of national, regional and local tenants, highlighted by FedEx who occupies 28% of the Portfolio SF
www.cbre-np-chicago-infill-light-industrial-portfolio.com
BID PROCESS
PROPERTY DESCRIPTION
The Portfolio consists of 8 single and multi-tenant institutional quality assets totaling 1.39 million SF
The Properties that comprise the Portfolio are distributed throughout 7 states, with no state contributing more than 22% of the Portfolio
Across the Portfolio, the properties represent highly strategic locations as major manufacturing/distribution hubs for tenants to best serve their customers
STRATEGIC MARKET GROWTH PORTFOLIO IN, IL, MI, PA, WI, NC, GA INVESTMENT HIGHLIGHTS
The Portfolio is 100% leased to 13 Tenants
The diversification of the Portfolio allows potential investors to expand their National presence by tapping into multiple, thriving markets
No lease accounts for more than 22% of the total net rentable area minimizing risk for an investor
BID PROCESS
http://www.cbre-np-chicago-infill-light-industrial-portfolio.com
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PROPERTY DESCRIPTION
323,343 SF building that will be completed in July-2018 and feature state-of-the-art specifications - 36’ clear height, above standard auto and trailer parking, and ample loading
BP 290 features immediate I-290 access via a full interchange less than a mile north at Central Avenue, four miles from I-55 and less than a 20-min drive to four other interstates
INVESTMENT HIGHLIGHTS
BP 290 is 100% pre-leased to a strong, private credit tenant whose main production facility is 1.5 miles from the subject Property
The Property is leased through Feb-2026 with 2% annual escalations, providing investors with stable cash flow to a committed tenant
Located in a submarket that boasts a vacancy rate of 4.1%, mirroring that of the Chicago industrial market which also stands at 4.1% as of 4Q 2017
BRIDGE POINT 290 1543 S 54TH AVENUE, CICERO, IL
UNDER CONTRACT
PROPERTY DESCRIPTION
The Portfolio consists of two Class A buildings featuring state-of-the-art specifications including 28’ and 32’ clear heights, abundant loading, ample parking, functional building design providing leasing flexibility and the ability to attract and maintain tenants
Built in 2011, the precast concrete buildings contain ESFR fire protection, T-5 lighting, and 0.45 white TPO roofs backed by 10-year warranties
INNOVATION CAMPUS PORTFOLIOCOLUMBUS, OH
INVESTMENT HIGHLIGHTS
The Portfolio is 100% leased to five tenants with a weighted average lease term of 6.62 years remaining, providing steady cash flow for investors
Tenants have invested a combined total of over $42 million into the Portfolio, showing a strong commitment and making relocation expensive and unlikely
The Portfolio comes with a diversified rollover schedule with no tenant rolling to the market until 2022, mitigating riseUNDER CONTRACT
PROPERTY DESCRIPTION
The 439,150 SF masonry building is an institutional quality, single tenant distribution facility that was built in 1987 with a major addition in 1996
The Property features clear heights ranging from 29’ – 30’, truck court depths of 120’ and 150’, 43 dock doors, 3 drive-in doors, and ample parking
CVS DISTRIBUTION CENTER 43800 GEN MAR DRIVE, NOVI, MI INVESTMENT HIGHLIGHTS
The Property is 100% leased to CVS Michigan, with a corporate guarantee from credit tenant CVS Corporation (rated BBB by S&P), the largest pharmacy health care provider in the U.S., on a 268 month lease at $3.20 PSF NNN
With 5.59 years of remaining lease term, the Property provides investors with steady, long-term cash flow
Located in the in the Detroit industrial market, one of the largest industrial markets in the US, consisting of over 510 million SF and a vacancy rate of only 2.1%
UNDER CONTRACT
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INVESTMENT HIGHLIGHTS
The Property is 100% NNN leased to AFE, Inc. with a corporate guarantee from Q-Edge Corporation, a subsidiary of Foxconn Technology Group on a five-year lease at $5.60 NNN and 2.5% annual escalations. Foxconn Technology Group is the world’s largest electronics contract manufacturer in the world
The Tenant has two, five-year renewal options, as well as a right of offer to purchase the Property, highlighting their commitment to the Mount Pleasant facility
COLUMBUS CORE E-COMMERCE PARKWEST JEFFERSON, OHIO
PROPERTY DESCRIPTION
Four Class A single tenant buildings totaling 3.8 million SF
The Portfolio features Class A building specifications including 32’-36’ clear height, abundant loading, ample trailer and car parking, and multiple points of ingress and egress
All four buildings were build-to-suits, highlighting strong tenant commitment and the mission critical nature of the facilities
Significant Tenant infrastructure related to material handling and e-commerce distribution. Restoration Hardware has invested $31 million, while Bon-Ton has invested $38 million
CLOSED
PROPERTY DESCRIPTION
CIC consists of 421 acres of net buildable, ready-to-develop sites in CenterPoint Intermodal Center – Joliet/Elwood, IL encompassing the Union Pacific Joliet Intermodal Terminal and BNSF Logistics Park Chicago intermodal facilities
The sites have the potential to develop nine buildings totaling 6.5 MSF
INVESTMENT HIGHLIGHTS
The offering is being marketed as a joint venture partnership where CenterPoint is seeking a 50% equity partner to assist in the capitalization of the next phase of development of CIC
With historically minimal vacancy in CIC and 1.2 MSF of new leases annually, this partnership offers a unique opportunity to invest in one of the most successful business parks in the US
This opportunity is a chance to forge a strategic relationship with CenterPoint, an established developer with a national platform, proven intermodal experience, and a high level of institutional Joint Venture experience
CENTERPOINT INTERMODAL CENTER – JV DEV. OPPORTUNITYJOLIET/ELWOOD, IL
CLOSED
INVESTMENT HIGHLIGHTS
100% absolute net leased through April 2036 to Actuant Corporation at a current rent of $4.05 PSF with two, 5-year renewal options. Tenant is responsible for all capital expidentures
With 17.9 years of remaining lease term, the Property provides investors steady, long-term cash flow
Weasler Engineering, a wholly owned subsidiary of Actuant Corporation, has been at the subject Property since its inception in 1957, displaying a continued commitment to the facility
7801 STATE HIGHWAY 45WEST BEND, WI
PROPERTY DESCRIPTION
The 218,774 SF subject Property was originally built in 1957 with additions in 1996 and 2016
The Property features clear heights ranging from 16’-28’, 151’ truck court depth, 6 dock doors, 9 drive-in doors, and ample car parking (1.33/1,000 SF)
The precast concrete building includes state-of-the-art features such as ESFR sprinkler system, LED lighting, and a 60 mil EPDM roof that is partially backed by a 15-year warranty
CLOSED
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
Built in 2004, the 269,550 SF precast concrete building includes approximately 180,880 SF of freezer/cooler space, with another 20,000 SF of freezer/cooler ready space
The cross-dock facility features 30’ clear height, 32 docks and 4 drive-in doors
The Property benefits from excellent location adjacent to I-55 with significant highway frontage
INVESTMENT HIGHLIGHTS
The Property is 100% leased to Menasha Packaging Company, LLC on a 5-year lease with 4.67 years of remaining lease term
The significant amount of cold storage space is costly to reproduce and in high demand to food industry distributors and manufacturers
With heavy bolt-down costs and the freezer/cooler capabilities, relocation becomes very expensive and unlikely for the Tenant
550 FRONTAGE ROADBOLINGBROOK, IL
CLOSED
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
554,536 square feet of 100% long-term leased Class “A+” bulk cross-dock industrial product with direct access via two major highways, Beltway 8 and Highway 90A
State-of-the-art building specifications including: 2018 construction, 32’ clear heights, 190’ truck courts, interior/exterior LED lighting, etc
INVESTMENT HIGHLIGHTS
Best Buy will occupy their Build-to-Suit upon completion in July for 10+ years, providing an attractive, stable and appreciating cash flow stream from the largest electronics retailer in the US. Best Buy has an investment grade credit rating by S&P of BBB
Close proximity to a large and qualified workforce was a major factor in Best Buy’s location decision. There is access to a 40 M population base within a one day drive and 8.3 M within 4.5 hours
This location serves as Best Buy’s sole distribution center for their +/- 20 Houston area stores as well as fulfillment of e-commerce orders
BEST BUY BUILD-TO-SUIT 636 HIGHWAY 90A, MISSOURI CITY, TX
COMING SOON
PROPERTY DESCRIPTION
Two, brand new, Class A buildings completed in December 2017, located in Fort Worth, TX, just minutes from Interstate 35W and Interstate 20
Totaling 488,564 square feet and 83% leased, the assets offer predictable NOI along with value add opportunity through the lease up of the remaining space
INVESTMENT HIGHLIGHTS
Carter Distribution Center offers strong in-place net operating income, and is poised to experience strong growth through the buyer’s projected hold period
Located within Carter Park, containing a majority of the inventory in the South Central Tarrant micro-market
South Fort Worth provides an abundant blue collar labor force, the largest in Fort Worth with 1.63 blue collar workers per 1,000 square feet of industrial space compared to North Fort Worth’s 0.99 per 1,000
CARTER DISTRIBUTION CENTER 6633 & 6657 OAK GROVE, FORT WORTH, TX
COMING SOON
PROPERTY DESCRIPTION
A state-of-the-art, four building industrial park totaling 1,047,797 square feet located in Houston, TX
Combination of an infill location in Houston’s prime Northwest submarket and Class A building features and design
24’-30’ clear heights, rear load and cross-dock configuration, ESFR sprinkler system
INVESTMENT HIGHLIGHTS
The assets are ideally suited for the demand of the tenant base prevalent in the Northwest Houston submarket, with an average suite size of 69,853 square feet
Houston is one of the most dynamic industrial markets in the U.S. with a low vacancy rate of 5.2% and 3.6 million square feet of positive net absorption in the first quarter of 2018
ALAMO CROSSING NORTHCOURT ROAD, HOUSTON, TX
www.cbrenp-AlamoCrossing.com
http://www.cbrenp-AlamoCrossing.com
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PROPERTY DESCRIPTION
210,000 SF, 100% leased, single tenant industrial building located on fee simple land directly adjacent to the D/FW International Airport
The asset’s specifications include ideal building depths, efficient loading, desirable clear heights (26’) and concrete tilt-wall panel construction and sits on over 9.8 acres
INVESTMENT HIGHLIGHTS
Campus Circle’s location represents one of the closest industrial sites to D/FW International Airport
The tenant has been in the buildings for 10+ years and has made significant investments into the building, leading to a long-term commitment to the asset
CAMPUS CIRCLE DISTRIBUTION CENTER5931 CAMPUS CIRCLE DRIVE WEST, DALLAS, TX
www.cbrenp-CampusCircleDistributionCenter.com
BIDS DUE 7/31
PROPERTY DESCRIPTION
Comprised of 27 irreplaceable infill industrial buildings totaling 2,351,016 square feet located in Dallas/Fort Worth and Houston, TX
Specifications include ideal building depths, efficient loading, low office finishes, a high density of dock doors and concrete tilt wall construction
The average building size is 87,075 square feet, which is in a size range not heavily served by new construction
INVESTMENT HIGHLIGHTS
The Portfolio is predominantly made up of multi-tenant buildings and is currently 93% occupied with a number of nationally recognized tenants
The Portfolio is located within the incredibly tight Dallas and Houston inner cores, enabling the tenants to efficiently reach their last mile distribution to end users
The Portfolio assets have 10-mile radius population of 1,232,151 and the submarkets represented in the Portfolio have vacancy rates averaging 5.5%
TEXAS URBAN LOGISTICS PORTFOLIODALLAS/FORT WORTH & HOUSTON, TX
www.cbrenp-TexasUrbanLogisticsPortfolio.com
BID PROCESS
PROPERTY DESCRIPTION
State-of-the-art, cross-dock distribution center completed in 2017 and totaling 205,060 square feet of building area plus a large outside storage lot
100% leased with guaranty by FloWorks International, LLC
Fully NNN lease with significant security deposit
INVESTMENT HIGHLIGHTS
19+ years of remaining lease term with 2% annual rental escalations to one of the largest suppliers of parts and supplies used in the petrochemical, energy and industrial subsectors
The property is located within close proximity to major refining and petrochemical companies in the Houston metroplex and along the Texas Gulf Coast
Operators in the nearby Houston ship channel represent 60% of the refining capabilities of the United States and there is currently $55 billion of refinery plant construction and expansion taking place near the Port of Houston
Southeast Houston’s vacancy rate as of 1st Quarter 2018 was only 3.3%
FLOWORKS DISTRIBUTION CENTER3730 S. MAIN STREET, PEARLAND (HOUSTON), TX
www.cbrenp-FloWorksDistributionCenter.com
BID PROCESS
http://www.cbrenp-CampusCircleDistributionCenter.comhttp://www.cbrenp-TexasUrbanLogisticsPortfolio.comhttp://www.cbrenp-FloWorksDistributionCenter.com
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PROPERTY DESCRIPTION
100% leased, single tenant/single story 100,240 net rentable square foot 90+% office finish building, situated on approximately 7.47 acres
12 FOUNDERS BOULEVARDEL PASO, TX
INVESTMENT HIGHLIGHTS
New 7-Year Lease: 100% leased to Pacific Union Financial for the next 7+ years, with two (2) five (5) year options to renew
Strategic Location: The Property is centrally located in the El Paso market in the Butterfield Trail Business Park, adjacent to the El Paso International Airport
Stable Call Center Market: The El Paso call center market is 100% occupied, with continued high demand, and no availability. Additionally, the Property has never been vacant since it was built. The most recent lease was negotiated with 0 downtime
UNDER CONTRACT
PROPERTY DESCRIPTION
An in-fill, shallow-bay distribution facility totaling 425,870 square feet with 24’-28’ clear heights
Situated near SH-360, Interstate-30, SH-161, SH-183 and Interstate-20, Westpark Distribution Center offers direct access to end-user consumers across the D/FW metroplex within a 30-45 minute drive time
INVESTMENT HIGHLIGHTS
The building is 49.75% occupied and resides in one of the tightest submarkets in all of D/FW
An investor will realize significant upside during their hold period due to in-place rents being approximately 5.33% below market
Westpark’s length combined with its shallow depth, provides flexibility in customizing spaces for market demand, giving it a highly functional multi-tenant design
WESTPARK DISTRIBUTION CENTER1750-1850 WESTPARK DRIVE, GRAND PRAIRIE, TX
UNDER CONTRACT
PROPERTY DESCRIPTION
State-of-the-art business park consisting of 12 flex and light industrial buildings in Dallas/ Fort Worth, Texas
Located minutes from I-35E, I-635, and President George Bush Turnpike with direct access to densely populated residential areas and infill industrial and office parks
Institutionally maintained with recent landlord capital investments into the property
INVESTMENT HIGHLIGHTS
Immediate vicinity of Mercer Crossing, a $1 billion mixed-use and residential development in Farmers Branch that has recently commenced construction
Anticipated to trade at a significant discount to replacement cost, a major investment advantage compared to alternative investment opportunities
WESTWOOD BUSINESS PARK1801 ROYAL LANE, FARMERS BRANCH, TX & 11482-11488 LUNA ROAD, FARMERS BRANCH, TX
UNDER CONTRACT
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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PROPERTY DESCRIPTION
Brand new development, located 5 minutes from D/FW airport
Built to LEED specification and totals 259,555 SF
D/FW EAST LOGISTICS CENTER4400-4500 W WALNUT HILL LANE, IRVING, TX
INVESTMENT HIGHLIGHTS
With easy access to Hwy 183, SH 114 via Hwy 161 or Valley View Lane, ingress and egress for this property is exceptional
CLOSED
PROPERTY DESCRIPTION
A Portfolio of four 94% leased, in-fill industrial buildings, completely renovated in 2015, totaling 245,945 square feet
Located four blocks from Interstate 10 and minutes from El Paso International Airport, the Portfolio has direct access to both the El Paso and Cd. Juarez industrial markets
27’ clear heights, ESFR and Wet Pipe sprinkler system, T-5 lighting, fenced and secured truck courts
EL PASO LOGISTICS PORTFOLIOEL PASO, TX
INVESTMENT HIGHLIGHTS
Positioned in El Paso’s Central submarket, which is one of the most stable in the city due to its utility for tenants working in Cd. Juarez, Mexico and across El Paso.
The Property benefits from its proximity to international bridges linking El Paso to Mexico, located less than 9 miles from the Zaragoza International Bridge, the primary gateway and access point for US / Mexico international ground transportation
CLOSED
PROPERTY DESCRIPTION
A brand new 294,795 square foot facility located in the highly desirable D/FW Airport Submarket just minutes from the D/FW International Airport
Building features include: rear load configuration, 185’ deep truck court, ESFR sprinklers, 32’ minimum clear height, 62 dock high loading doors, 2 drive-in doors, 194 auto parking spaces and 72 trailer storage positions
VALLEY VIEW D/FW AIRPORT2800 VALLEY VIEW LANE, IRVING, TX
INVESTMENT HIGHLIGHTS
Provides investors the rare opportunity of fee simple ownership, as many assets are on ground leases in this submarket
Central location between Dallas and Fort Worth provides convenient access to major truck and rail depots and a strong network of highways including State Highways 121, 114, 183 and I-635 and 35
CLOSED
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PROPERTY DESCRIPTION
A state-of-the-art, industrial distribution building totaling 603,050 square feet located in Roanoke (Alliance), TX
Located minutes from Interstate 35W, Highway 114 and Interstate 820, Gateway Distribution Center rests in the heart of the acclaimed Alliance submarket
The property’s specifications include: 32’ clear heights, 190’ truck courts, ESFR Sprinkler System, rail served and ample trailer storage
GATEWAY DISTRIBUTION CENTER300 GATEWAY PKWY, ROANOKE (ALLIANCE), TX
INVESTMENT HIGHLIGHTS
The 100% leased, single-tenant building offers solid cash flow through 2023
The 3M Company (AA- credit rating), is a diversified technology company which manufactures and distributes industrial, safety and consumer products with a presence in 30 US states and nearly 100 countries around the world
Gateway Distribution Center benefits from its immediate proximity to the world’s first industrial airport, Fort Worth Alliance Airport, and the BNSF Alliance Intermodal facility
CLOSED
PROPERTY DESCRIPTION
A 61,484 square foot, 96% leased building, with direct taxiway access to the George Bush Intercontinental Airport (IAH) in Houston, Texas
Efficient and flexible building layout with specifications including: 150’ building depth, on-tarmac access, efficient loading, 24’ clear height, concrete tilt-wall panel construction, insulated floor slab, two story office areas with separate entrances, 10,600 square feet of cooler space and low office finishes
INTERNATIONAL AIR CARGO CENTRE II 19577 LEE ROAD, HOUSTON, TX INVESTMENT HIGHLIGHTS
96% leased to two tenants with an average remaining lease term of approximately 2 years
Strategically located in the East Cargo Area of George Bush Intercontinental Airport
Only 2.5% vacancy in the East Cargo Area
CLOSED
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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CARLSBAD COMMERCIAL CENTER 5205-5375 AVENIDA ENCINAS, CARLSBAD, CA
PROPERTY DESCRIPTION
Eight-Building Business Park Totaling 126,630 Square Feet
Rare opportunity to purchase a premier coastal business park within 0.25 miles of the Pacific Ocean, walking distance to beach access, retail amenities, and restaurants
Nine acres of an irreplaceable business park environment with unparalleled freeway visibility and access
INVESTMENT HIGHLIGHTS
92% leased with in-place rents 14% below market
97% average occupancy since 2014, demonstrating the desirability of the asset
Significant discount to replacement cost estimated at $45.1 M ($357/SF)
www.cbrenp-carlsbadcommercialcenter.com
INTERCHANGE BUSINESS CENTER3392 & 3524 MIKE DALEY DRIVE & 1651 INTERCHANGE DRIVE, SAN BERNARDINO, CA
PROPERTY DESCRIPTION
Three Class A buildings totaling 667,024 SF on 34.7 acres in the Inland Empire
Offering LEED certification (Silver), skylights, 30’ clear height, ESFR sprinklers, and 52’ x 50’ bay spacing
Buildings range in size from 94,108 SF to 354,108 SF offering future leasing flexibility
INVESTMENT HIGHLIGHTS
The buildings are located on three separate parcels, allowing investors to sell the buildings individually in the future, potentially garnering a higher sales price
86% leased to two well-regarded tenants, Dollar Tree and Anita’s Mexican Food, both leaders in their industries
The IE vacancy rates for buildings in the 75,000-100,000 SF size range and 200,000-400,000 SF is only 3.6% and 3.2%, respectively, and the estimated vacancy rate for Class A food facilities is under 1%
BIDS DUE 7/18
www.cbrenp-interchangebusinesscenter.com
2395 BERT DRIVEHOLLISTER, CA PROPERTY DESCRIPTION
Class A industrial building totaling 240,000 SF in the high-image Hollister Business Park
The property offers 27-30’ clear height, 60’ x 42’ column spacing, ample dock-high and grade level loading and ESFR sprinklers
Directly adjacent to the Hollister Airport with access to I-5 and Hwy-101 (both North/South arteries) and proximity to the Bay Area
INVESTMENT HIGHLIGHTS
100% leased to West Marine, a committed tenant who invested $300,000 to install a “Pick and Part” area and combustible storage room totaling 11,000 SF
Significantly below replacement cost, which is estimated to be in the $100 PSF range
Hollister Business Park is the largest/newest industrial park in the area and houses major tenants such as Innovative Packaging Group, Milgard Windows and Stericycle
$14.75M | $61 PSF
www.cbrenp-2395BertDrive.com
http://www.cbrenp-carlsbadcommercialcenter.comhttp://www.cbrenp-interchangebusinesscenter.comhttp://www.cbrenp-2395BertDrive.com
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ROCKY POINT INDUSTRIAL PORTFOLIO1332, 1336, 1340 ROCKY POINT DRIVE, OCEANSIDE CA
PROPERTY DESCRIPTION
Exceptional opportunity to acquire Rocky Point Industrial Portfolio consisting of three institutional quality single-tenant industrial buildings totaling 73,747 SF
Rocky Point Industrial Portfolio is located within the 120-acre master-planned Pacific Coast Business Park in the heart of Oceanside, CA
INVESTMENT HIGHLIGHTS
31% leased providing investors with the ability to create tremendous value
With the lease-up of the existing vacant space over the next 12-18 months, investors will have the ability to increase NOI by threefold
Each building within the Portfolio is an attractive option for a variety of tenants in today’s market given the design and ability to accommodate smaller users that desire a single-tenant environment
www.cbrenp-rockypointportfolio.com
BAY AREA LAST MILE COLD STORAGE PORTFOLIO2041 FACTORY STREET, RICHMOND, CA | 1130-1170 OLINDER COURT, SAN JOSE, CA
PROPERTY DESCRIPTION
Two Highly Desirable Cold Storage Facilities Totaling 174,178 SF in the East Bay & Silicon Valley Markets
Richmond’s gateway location is perfectly located for regional distribution and access to a technologically savvy, online customer base
San Jose’s location is also one of the largest and most affluent population bases in California at 4M residents
INVESTMENT HIGHLIGHTS
100% leased to two well-regarded tenants - HelloFresh and Sun Basket, meal delivery companies that are taking advantage of the accelerating growth of online grocery delivery
Approximately 5 years of remaining lease term between the two properties
www.cbrenp-Bayareacoldstorage.com
24200 S. MAIN STREETCARSON, CA
PROPERTY DESCRIPTION
Class A, newly refurbished building totaling 96,683 SF on ±9.71 acres
Offers 9,281 SF of new office areas and a large private concrete truck yard
Strategic location with immediate I-110 access and proximity to I-405
INVESTMENT HIGHLIGHTS
Ground lease with County of Los Angeles with 46 years of remaining term
100% NNN leased until September 2026 by quality tenant
The South Bay industrial market reported a 0.2% vacancy rate for Class A product in Q4 2017
www.cbrenp-24200mainstreet.com
$22.9M | 5.5% CAP
http://www.cbrenp-rockypointportfolio.comhttp://www.cbrenp-Bayareacoldstorage.comhttp://www.cbrenp-24200mainstreet.com
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7321-7391 LINCOLN WAYGARDEN GROVE, CA
PROPERTY DESCRIPTION
Two high-image light industrial buildings totaling 80,560 SF
State-of-the-art features including 16’ minimum clear height, ESFR sprinklers, grade level loading, secured truck courts and ample car parking
Located only minutes from the Garden Grove (22) and San Diego (405) Freeways
INVESTMENT HIGHLIGHTS
Campus-like environment and 100% leased to four quality tenants
The property offers staggered rollover with below-market rents
As of Q4 2017, West Orange County buildings in the 70,000-99,000 SF had zero vacancy
www.cbrenp-lincolnindustrial.com
LINCOLN WAY OFFICE7441 LINCOLN WAY, GARDEN GROVE, CA
PROPERTY DESCRIPTION
Freestanding high-image office building totaling 42,607 SF with ±175 feet of frontage along Western Avenue
Efficient floor plates, easily devisable for multi-tenant use in the future
Located minutes from the Garden Grove (22) and San Diego (405) Freeways
INVESTMENT HIGHLIGHTS
100% leased to three quality tenants with ±4 years average of remaining lease term and staggered maturities
Investment grade anchor tenant Modern HC Pharmacy, Inc, a wholly-owned subsidiary of Kroger (S&P: BBB) leasing 48% of the RSF
Available well below replacement cost with no recent construction and limited sites for new development
www.Lincolnwayoffice.com
INLAND EMPIRE LOGISTICS CENTERCROSSING OF SR-60 & I-10 FREEWAYS, BEAUMONT, CA
PROPERTY DESCRIPTION
Opportunity to acquire approximately 148 net acres of industrial land in the business-friendly City of Beaumont
Entitled for two big-box distribution buildings totaling approximately 2.9 MSF
Offers freeway visibility along I-60 and proximity to the I-60/I-10 freeway intersection and intermodal yards; Potrero interchange construction is now underway with Phase I scheduled for completion in Q4 2018
INVESTMENT HIGHLIGHTS
Grading has commenced with anticipated completion mid-year 2018
Fees in Beaumont are significantly less than neighboring cities of Perris and Moreno Valley
Provides campus setting with flexibility for users to expand and have access to abundant trailer storage
http://www.cbrenp-lincolnindustrial.comhttp://www.Lincolnwayoffice.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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CENTER TOWER RIVERSIDE3880 LEMON STREET, RIVERSIDE, CA
PROPERTY DESCRIPTION
Premier, Class A office building in Downtown Riverside totaling 73,645 SF
Ownership has invested ±$3.2 M in the property and 57% of the building has already been upgraded to current energy standards, reducing re-tenanting costs
Property includes 248 parking stalls in an adjacent parking structure providing an above-market parking ratio and a strong additional revenue stream
INVESTMENT HIGHLIGHTS
94% occupied by 8 tenants with staggered lease expirations and 15% below-market rents
Available at basis significantly below replacement cost with no planned new construction and restrictions on development in the Downtown core
One of only 3 privately-owned buildings in Downtown Riverside
www.cbrenp-3880lemonstreet.com
$20.2M | $274 PSF
DES MOINES CREEK BUSINESS PARK – PHASE IV21326 24TH AVENUE SOUTH, DES MOINES, WA
PROPERTY DESCRIPTION
Two brand new, state-of-the-art facilities totaling 512,041 SF, offering 36’ clearance, 138’-180’ truck courts, abundant truck and trailer parking, and ESFR sprinklers
Located in Des Moines Creek, the gateway location between Seattle and the Kent Valley
Only opportunity to purchase true trophy industrial assets in a market with 1.06% vacancy for Class A product
INVESTMENT HIGHLIGHTS
100% leased to quality tenants including Bartell’s Drugs, Outdoor Research, Clutter Inc., and Catalyst Workplace Activation, with an average remaining lease term of 8.5 years
This is the only Class A opportunity in the SeaTac submarket in 2018 – the lack of product in the market is creating pent up demand for Class A industrial product
Average lease rates grew 17% in the Seattle market last year, the highest in the countryCOMING SOON
13215 CAMBRIDGE STREET – GROUND LEASE SANTA FE SPRINGS, CA
PROPERTY DESCRIPTION
Opportunity to develop Class A industrial building on ±7.17 acres in core Mid-Counties market
Ownership has prepared preliminary redevelopment plans to construct a rare 146,002 SF Class A logistics facility
Strategic location with access to multiple freeways, the Ports of LA and Long Beach, LAX, Downtown LA
INVESTMENT HIGHLIGHTS
Long term ground lease structure with 55 years of term with options to own in the future
The site can service both the Los Angeles and Orange County markets, with an estimated 16 million residents within a 90-minute drive
The Mid-Counties Industrial Market reported a historically low Q4 2017 vacancy rate of 0.9%
BID PROCESS
www.cbrenp-13215cambridgestreet.com
http://www.cbrenp-3880lemonstreet.comhttp://www.cbrenp-13215cambridgestreet.com
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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22275-23365 N. 23RD AVENUEPHOENIX, AZ
PROPERTY DESCRIPTION
Recently constructed Class A industrial park consisting of 4 buildings totaling 220,259 SF
The property offers a diverse range of suite sizes to capture a variety of tenant uses
Premier Northeast Phoenix/Deer Valley location with proximity to the I-17 and 101 Loop Interchange
INVESTMENT HIGHLIGHTS
91% leased to 9 qualified tenants from multiple industries
Staggered lease expirations offer investors steady cash flow
The average lease term remaining for the park is 5.6 years
UNDER CONTRACT
AIRPORT WAY CORPORATE PARKPORTLAND, OR
PROPERTY DESCRIPTION
Opportunity to acquire a 95% leased, Class A multi-tenant business park in Portland
140,693 SF multi-tenant business park
Main & Main location with proximity to abundant amenities, major freeways and the Portland Airport
INVESTMENT HIGHLIGHTS
Strong Portland industrial dynamics with a low 3.8% vacancy rate and record absorption
Limited industrial land available for development and limited new multitenant construction
UNDER CONTRACT
PATTERSON INDUSTRIAL CENTERPERRIS, CA
PROPERTY DESCRIPTION
4 industrial-zoned land parcels ranging from 1.38 acres to 3.96 acres
Strategic location right off I-215 freeway with proximity to SR-60, I-15 & SR-91
INVESTMENT HIGHLIGHTS
Growing e-commerce activity is driving demand for larger warehouses
I-215 corridor location is a hotspot for Fortune 500 tenants and institutional investors
Strategic Inland Empire Location, one of best industrial markets in the country
UNDER CONTRACT
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CBRE NATIONAL PARTNERS July 2018 AVAILABLE LISTINGS
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SEATTLE SOUTH BUSINESS PARK – BUILDING D6101 S. 180TH STREET, TUKWILA, WA
PROPERTY DESCRIPTION
218,003 square foot data center on ±7.76 acres
Uptime Institute approved site for Management & Operations
Geographic region has a low risk of natural disasters and the site is outside both the 100 and 500 Year Floodplains
INVESTMENT HIGHLIGHTS
Long term 100% absolute net lease
Significant investment made by tenant to N+1 critical facility
The Puget Sound industrial market saw 17% growth in average lease rates in 2017, the highest in the country
UNDER CONTRACT
ONTARIO LAND SITEONTARIO, CA
PROPERTY DESCRIPTION
Flat, rectangular parcel totaling approximately 5.35 acres of land
Zoned IL (Industrial Light)
Proximity to the I-10 and 60 freeways with the Ontario International Airport less than 2 miles away
INVESTMENT HIGHLIGHTS
Excellent infill development site on a high-visibility corner
City will approve building up to 128,175 square foot building
UNDER CONTRACT
I-215 DISTRIBUTION CENTER I4472 N. GEORGIA BOULEVARD, SAN BERNARDINO, CA
PROPERTY DESCRIPTION
Mission-critical food distribution building totaling 270,877 SF (including a valuable 13,266 SF truck maintenance building) on ±26.472 acres
Recent improvements include a new roof on a portion of the building (2013/2014), skylights and seismic upgrades
Approximately 17,262 Sf of mezzanine office space is not included in the rentable square footage, offering future upside
INVESTMENT HIGHLIGHTS
100% leased to highly invested tenant McLane/Suneast Inc. which has been in business for 125+ years
Offers below market rent and 4.5 years of remaining lease term
Over the last two years, lease rates for Inland Empire industrial product have grown by 20.5%
UNDER CONTRACT
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BACKLOT BURBANK 4400-4510 VANOWEN STREET, BURBANK, CA
PROPERTY DESCRIPTION
Unique opportunity to purchase a 12-building creative business park totaling 302,869 SF
Recent capital improvements to the park include new roofs on 4 buildings, upgraded landscaping, and new wrought-iron fencing
Strategic location in Burbank, The Entertainment Capital of the World, across the street from the Hollywood/Burbank Airport
INVESTMENT HIGHLIGHTS
100% leased to 3 tenants with weighted average remaining lease term of 7 years
In-place rents are 20% below market
Staggered rollover from a diverse tenant base
UNDER CONTRACT
13131 LOS ANGELES STREETIRWINDALE, CA
PROPERTY DESCRIPTION
Rare 25.48-acre development opportunity with I-605 freeway frontage in Irwindale, CA
Strategic infill site with M2 zoning for heavy industrial uses
The site can accommodate a variety of Class A building layouts including a cross-dock building totaling nearly 500,000 SF
INVESTMENT HIGHLIGHTS
The San Gabriel Valley industrial market boasts a vacancy rate of 1.3%, steady absorption and limited developable land
Four existing billboards on the site provide additional annual income
Class A product is rare in the San Gabriel Valley, and it offers an ideal location for e-commerce users
UNDER CONTRACT
4450 WINEVILLE ROADEASTVALE, CA
PROPERTY DESCRIPTION
Class A industrial building totaling 216,300 SF with bonus mezzanine
State-of-the-art features including 30’ clearance, T-5 lighting, a 235’ truck court and ESFR sprinklers
Strategic Inland Empire West location with direct access to I-15 and SR-60
INVESTMENT HIGHLIGHTS
100% leased to highly profitable tenant ADESA
ADESA has 10 years of lease term with 3-5% rent increases every 18 months
The vacancy rate for 100,000-250,000 SF size range declined to 1.3%, and as a result we are seeing the strongest rent growth for these buildings
UNDER CONTRACT
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RENAISSANCE RIALTO LAND OPPORTUNITY – 28.41 ACRESNW OF LINDEN AVENUE & MIRO WAY, RIALTO, CA
PROPERTY DESCRIPTION
Opportunity for speed-to-market on 3 buildings totaling 540,427 SF
28.41 acres of land in the highly desirable Inland Empire West industrial market
Part of the Renaissance Rialto Specific Plan, with strategic access to four major freeways
INVESTMENT HIGHLIGHTS
These are some of the last few remaining industrial development sites within the Renaissance Rialto Specific Plan
Being a part of the Renaissance Rialto Specific Plan offers a corporate and institutional campus setting to many Fortune 500 occupiers with surrounding amenities
Renaissance Rialto is also adjacent to the I-210 freeway and home to over 3 MSF of high-profile e-commerce tenants
UNDER CONTRACT
RIVERFRONT RESEARCH PARK - ORI BUILDING1700 MILLRACE DRIVE, EUGENE, OR
PROPERTY DESCRIPTION
Four-story, Class A office building totaling 80,011 SF on 4.3 acres with a parking lot across the street
170 seat conference center wired with multiple video projectors & speakers, 22 sound-proof interview rooms and lab space
Located along the bustling I-5 corridor connecting Oregon to California and Washington
INVESTMENT HIGHLIGHTS
100% leased on a net basis to Oregon Research Institute with a 10-year lease term remaining
Immediately adjacent to the new Knight Cancer Foundation research development boasting three 70,000 SF research facilities to house new faculty, graduate students, and post-doctoral researchers
Driven by strong STEM programs at the University of Oregon, Eugene’s high-tech industry has experienced a 14% growth increase since 2012
UNDER CONTRACT
13344 S. MAIN STREETLOS ANGELES, CA
PROPERTY DESCRIPTION
The site could accommodate a ±275,000-300,000 SF single-level or 450,000-500,000 SF two-level industrial facility with state-of-the-art features
Central location near LAX & DTLA with proximity to the I-110 & I-105 freeways
Infill industrial submarket near the Ports of Los Angeles and Long Beach
INVESTMENT HIGHLIGHTS
Potential for a sale-leaseback offering income during the entitlement process
Substantial growth in e-commerce will continue to drive demand for industrial space, with increased focus on one- and two-hour delivery driving demand in the most infill LA locations
Extremely strong market fundamentals with a low 0.8% vacancy rate and limited Class A industrial product available
UNDER CONTRACT
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10.47-ACRE MIXED USE DEVELOPMENT OPPORTUNITY2236 EAST HOLT BOULEVARD, ONTARIO, CA
PROPERTY DESCRIPTION
Unique opportunity to purchase ±10.47 gross acres of never-before developed land
Exceptional location, across the street from Ontario Convention Center, adjacent to LA/Ontario International Airport and with direct access to I-10
Zoned Convention Center Support Commercial (CSS) with a General Plan designation of Multimodal Mixed Use
INVESTMENT HIGHLIGHTS
The site is large enough to accommodate a sizable multifamily or commercial development
This area is part of the area identified as ideal for Ontario’s future multi-modal transportation (link, regional, local and airport transit)
This infill market has limited new construction and the first two multifamily developments in the past 10 years have seen lease rates of $1.90 and $2.02 PSF
UNDER CONTRACT
TRACY PESCADERO DISTRIBUTION CENTER1700 E. PESCADERO AVENUE, TRACY, CA
PROPERTY DESCRIPTION
Brand-new, Class A warehouse/distribution building totaling 381,600 SF in Tracy, CA
Strategic Central Valley location with I-205 visibility and direct access to I-5, I-580 and Hwy 90 freeways
Easy truck access with two entrances along E. Pescadero Avenue and drive-around access
INVESTMENT HIGHLIGHTS
100% NNN leased to two credit tenants with 5.6 years of average lease term and significant investment in each unit
Strong cash flow with significant upside in rents given steady user demand and lack of available inventory
Below market in-place rents, offering investors future NOI increases upon lease rollover
CLOSED
THE CAMPUS6285-6330 PROVIDENCE WAY, EASTVALE, CA
PROPERTY DESCRIPTION
Three brand-new Class A industrial buildings totaling 192,913 SF on ±9.34 acres
Part of The Campus, a master-planned industrial project with campus-style workplace design, contemporary landscaping and walking trails and future retail amenities
Strategic Inland Empire West location with proximity to the I-15, SR-60, SR-71 and SR-91 freeways
INVESTMENT HIGHLIGHTS
100% leased to three quality tenants with 8.5 years of average remaining lease term
As of Q4 2017, IEW buildings in the 50,000-60,000 SF had an extremely low 0.7% vacancy rate while buildings in the 90,000-99,000 SF range had zero vacancy
The IEW average asking lease rate was $0.59 (up 7.5% year-over-year) in the fourth quarter, 11% higher than the Inland Empire overall and 18% higher than the IEE
CLOSED
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© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.
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