811 DEVELOPMENT DR Tipton IN 46072-1063

Package Right is one of the largest U.S. based puzzle manufactures with an estimated revenue of $21.2M. The firm specializes in the design, creation, and manufacturing some of the best known and most respected brands on the market.

MISSION CRITICAL LOCATION

This Package Right location is the company’s only manufacturing facility. Additionally, this location is across the street from another facility, 802 Barryman Pike, in which Package Right occupies another +/- 20,000 SF. The proximity of these two locations is highly valuable to the tenant making them less likely to vacate the space.

RECENT SURGE IN DEMAND DUE TO COVID-19

According to CNBC, the COVID-19 stay-at-home instructions have created increasing demands for jigsaw puzzles across the United States. Package Right experienced a +/- 50% demand increase in early April 2020, and brought on +/- 60 new employees to help meet the demand.

CENTRALIZED LOCATION-LEADING GLOBAL LOGISTICS MARKET

Package Right strategically chose the Indianapolis area for it's centralized location in the U.S, which allows them to offer quicker shipping times and more cost effective warehousing solutions. Nicknamed the "Cross Roads of America", Indianapolis is within a 1 1/2 day drive of 75% of the U.S. population.

HIGHLY FUNCTIONAL INDUSTRIAL BUILDING LAYOUT

This industrial facility features 8 dock doors and 2 grade level doors. These access points provide a functional building design for distribution activities.

STRONG INDUSTRIAL TENANT MIX

This asset’s location features an dense industrial presence with notable tenants including, International Paper(Baa2), Bottcher America Corporation (+/- $55M revenue,), BRS Mechanical(+/- $12M Revenue), Dupont Pioneer(+/- $4.3B revenue), Game Time Distribution(+/- $2.7M revenue), etc. The surrounding industrial tenants provide additional value to the underlying real estate.

HIGH GROWTH INDUSTRY

According to Statista, the U.S puzzle industry is expected to grow annually by +/- 6.1% CAGR 2020-2023. The current estimated revenue in the Puzzles segment amounts to $609M in 2020.

INDUSTRIAL ASSET CLASS

Industrial assets have proven to be a very popular investment vehicle due to multiple factors including e-commerce growth, global trade demand, growing consumer demands, and a need for retailers to optimize their supply chain. The favorable market environment has made industrial properties strong long-term performing assets with minimal turnover costs compared to other property types.