INVESTMENT HIGHLIGHTS

• STRONG RENTAL UPSIDE – Existing rents 24% below market, translating to 31% in upside. This provides an opportunity to boost NOI and convert leases to NNN.
• SMALL, SHALLOW BAY SUITES – The property consists of fourteen ±1,250 SF suites- minimizing vacancy risk and allowing investors to maximize net operating income.
• FUNCTIONAL CONSTRUCTION – The warehouse boasts 16’ clear, 3 phase power, and favorable office to warehouse ratio: ±25%.
• WEIGHTED AVERAGE LEASE TERM – Short weighted average lease term allows investors to quickly tap into rental upside or allows owner/users to occupy space.
• LOW VACANCY RATE – There is a 3.3% vacancy rate across all industrial product (6.3M square feet) in the Hilliard market.