BUILT TO SUIT CONSTRUCTION
The subject property was built in 2008, and subsequently expanded in 2015. The asset consists of a 45,978 square foot building on a 6.71-acre parcel of land with significant room to expand. This was a built to suit project developed specifically for the tenant, who uses the facility as a sorting and distribution facility for the I-55 and US-98 logistics corridor.
OUTSTANDING LOGISTICS LOCATION
Located just 67 miles from Baton Rouge, 70 miles from Hattiesburg and 76 miles from Jackson, this asset is nearly equidistant from 3 prominent southern cities. The Subject Property is located right off US-98 (15,330 VPD) with easy access to I-55 (31,291 VPD).
SIGNIFICANT TENANT INVESTMENT
The Tenant has made a multi-million-dollar investment in this facility’s package and handling equipment. The package and handling equipment was custom ordered, installed and calibrated. This is a 3-4-month process unique to the Tenant making the location of their facilities a very thoughtful and strategic endeavor. Historically tenant-leased assets show significantly higher retention rates than what you see with other industrial product.
HIGH YIELDING ASSET, OVER 6 YEARS REMAINING
The Tenant signed a 10 year lease with six years remaining (lease expiration date of July 31, 2025) allowing the investor to capture a long-term passive stream of income. The lease features limited landlord responsibilities (roof and structure only).
IN ASSOCIATION WITH:
Senior VP, Regional Managing Director