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Project Diversify - 393K SF Portfolio 10 Properties Offered at $53,684,014 CAD in Multiple Locations
Investment Highlights
- 10 high quality properties totaling 393,102 square feet throughout the Midwest
- Proximity to high-density population areas, including Kansas City, St. Louis and Chicago
- Secure and durable income with staggered expiration dates and strong historical occupancy
- Distribution/Logistics locations near key transportation infrastructure, including I-55, I-70, I-80, I-35
- Building sizes range from 19,500 to 84,200 square feet, allowing accommodation of various tenants at a significant discount to replacement cost
- 100% occupied by tenants in a wide range of industries, including manufacturing, logistics, and distribution
Executive Summary
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 three different metropolitan areas the portfolio gives investors immediate diversification in stable markets across the Midwest with exposure to a variety of industries.
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 three different metropolitan areas the portfolio gives investors immediate diversification in stable markets across the Midwest with exposure to a variety of industries.
Property Facts
| Price | $53,684,014 CAD | Number of Properties | 10 |
| Price / SF | $139.60 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.66% | Total Building Size | 384,563 SF |
| Sale Type | Investment | Total Land Area | 42.79 AC |
| Status | Active |
| Price | $53,684,014 CAD |
| Price / SF | $139.60 CAD / SF |
| Cap Rate | 6.66% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 384,563 SF |
| Total Land Area | 42.79 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Parkview Business Center
901 N Country Fair Dr, Champaign, IL 61821 |
Flex | 39,790 SF | 2008 | - |
|
Actuant Corporation/Turner Electirc
131 Enterprise Dr, Edwardsville, IL 62025 |
Industrial | 65,000 SF | 2008 | - |
|
Nationwide Repair Service
16151 Foster St, Overland Park, KS 66085 |
Industrial | 43,750 SF | 2003 | - |
| 10707 N Pomona Ave, Kansas City, MO 64153 | Industrial | 82,440 SF | 2001 | - |
| 5 NE Victoria Dr, Lee's Summit, MO 64086 | Industrial | 35,025 SF | 1993 | - |
|
C.E.S. Inc.
3 NE Victoria Dr, Lee's Summit, MO 64086 |
Industrial | 21,620 SF | 1997 | - |
| 105-109 NW Victoria Dr, Lee's Summit, MO 64086 | Industrial | 20,000 SF | 2000 | - |
|
Green Park Commerce Ctr I
9701-9709 Green Park Industrial Ct, Saint Louis, MO 63123 |
Industrial | 34,553 SF | 2004 | - |
|
Green Park Commerce Center II - Bldg D
110-111 Rock Cliff Ct, Saint Louis, MO 63123 |
Industrial | 23,565 SF | 2006 | - |
| 111 Rock Cliff Ct, Saint Louis, MO 63123 | Industrial | 18,820 SF | 2007 | - |
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Contacts
-
Christopher Robertson, CCIM -
Michael VanBuskirk SIOR, CCIM,CRE -
Raegen Kersey -
Newmark Zimmer
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Project Diversify - 393K SF Portfolio
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