6615 W Boston St Chandler, AZ

This portfolio comprises eleven tilt-wall logistics and distribution assets with an average construction year of 2006 and an average office finish of 9.1%. The properties offer an opportunity to establish a presence in fundamentally robust Western US logistics markets, with the ability to immediately scale in multiple key national logistics markets through a diversified footprint in four major US metro areas. The portfolio has a balanced composition, with no single market comprising more than 50% of Year 1 NOI or rentable area. An immediate value-add opportunity exists through the lease-up of the remaining 148,784 square feet of move-in ready space. Existing vacant suites feature advantageous design characteristics, including multi-tenant divisibility and appropriate office finish. There is potential for future mark-to-market gains, with in-place rents more than 25% below market and all Fair Market Value (FMV) renewal options. The rollover profile provides access to 100% of the existing rent roll within the first five years. The portfolio includes a total of 18 building suites ranging from 12,013 to 281,181 square feet, averaging 59,463 square feet, presenting strong diversity in user functionality and offering leasing optionality.