Project Diversify - 393K SF Midwest Industrial Portfolio
Project Diversify | 393K SF Industrial Portfolio
Marketing description
Newmark Zimmer Midwest Capital Markets, as exclusive advisor, is pleased to present Project Diversify, a carefully curated Midwest Industrial Portfolio diversified by asset class, geography, tenant base, and lease expirations with below-market rents. The Portfolio consists of ten (10) buildings totaling 393,102 RSF, spanning Kansas, Missouri, and Illinois. The Portfolio is 100% leased to 18 tenants with 3.11 years of weighted average lease term remaining, offering near-term mark-to-market upside. The properties have an average vintage of 2002, offering functional and modern building characteristics. Dispersed across four different metropolitan areas the portfolio gives investors immediate diversification in stable markets across the Midwest with exposure to a variety of industries.
Investment highlights
Strategic Midwest Locations
• 10 high-quality properties totaling 393,102 square feet throughout the Midwest
• Distribution/Logistics locations near key transportation infrastructure, including I-55, I-70, I-80, I-35
• Proximity to high-density population areas, including Kansas City, St. Louis
Attractive Building Characteristics
• Secure and durable income with staggered expiration dates and strong historical occupancy
• 100% occupied by tenants in a wide range of industries, including manufacturing, logistics, and distribution
• Building sizes range from 19,500 to 84,200 square feet, allowing accommodation of various tenants at a significant discount relative to today’s replacement cost
• Average vintage of 2002
Diversification Opportunity
• Opportunity for an investor to create economies of scale and diversify their holdings with immediate access to five stable Midwest markets, multiple tenant industries, property types, and lease expirations
• 10 buildings consisting of 18 tenants in multiple industries
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