Investor returns
35% IRR · 1.48x equity multiple · ~1.35 year hold · sold August 2022.
Past performance is not indicative of future results. Investor returns shown are for this realized investment only and do not guarantee returns on any other or future investment.
The asset
165,171 square foot multi-tenant industrial distribution center on ~9 acres. The front-loaded distribution property was 100% occupied by four established tenants who benefit from the building’s close proximity to major railroads, freeways, and the port of St. Louis in the heart of St. Louis’ largest industrial submarket, the North Riverfront Logistics Hub.
Business plan
Acquire a well-located industrial distribution asset on a strong basis, stabilize operations with credit tenants, and exit into a liquid industrial market.
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