RECENT TRANSACTIONS

385 Franklin Avenue, Rockaway, NJ

Acquisition Date: 12/17/20

Property Description: light industrial building totaling 81,000 SF. The Property is 89% occupied by 9 tenants.

Attractiveness to the Transaction: Below market leases, growth market, durable cashflows

130 Mosswood Blvd, Raleigh, NC

Acquisition Date: 11/20/20

Property Description: light industrial building totaling 120,000 SF. The Property is 100% occupied by 2 tenants.

Attractiveness to the Transaction: Below market leases, growth market, durable cashflows.

9257 Hwy 70, Raleigh, NC

Acquisition Date: 11/20/20

Property Description: light industrial building totaling 120,000 SF. The Property is 100% occupied by 4 tenants.

Attractiveness to the Transaction: Below market leases, growth market, durable cashflows.

2201 S Wilmington Road, Raleigh, NC

Acquisition Date: 9/21/19

Property Description: light industrial building totaling 513,000 SF. The Property is 63% occupied by 5 tenants, including UPS & Iron Mountain. 

Attractiveness to the Transaction: Below market leases, growth market, upside through leasing vacancy

810 Lufkin Road, Raleigh, NC

Acquisition Date: 5/21/19

Property Description: light industrial building totaling 150,000 SF. The Property is 100% occupied by 3 tenants. 

Attractiveness to the Transaction: Below market leases, growth market

102 Fairview Park Drive, Elmsford, NY

Acquisition Date: 8/30/18

Property Description: light industrial building totaling 70,000 SF. The Property is 100% occupied by 4 tenants. 

Attractiveness to the Transaction: Below market leases, tight market

30-120 Moffitt Street, Stratford, CT

Acquisition Date: 5/17/18

Property Description: 2 light industrial buildings totaling 160,000 SF. The portfolio is 100% occupied by 5 tenants. 

Attractiveness to the Transaction: Low basis, below market leases, tight market

141 South Street, West Hartford, CT

Acquisition Date: 5/16/17

Property Description: Light industrial building totaling 115,000 SF. The property is currently 100% occupied by 11 tenants including several credit tenants (DHL, State of CT, PGW)

Attractiveness to the Transaction: Low basis, strong credit tenants, in-place yield

260-284 Quarry Rd, Milford, CT

Acquisition Date: 12/17/16

Property Description: 2 light industrial/flex buildings totaling 85,000 SF. The property is currently 98% occupied by 20 tenants.

Attractiveness to the Transaction: Low basis, strong cash on cash yield, sticky tenant base