- Newly Redeveloped, Highly Amenitized Industrial Property: This property stands out in the competitive market due to its heavy power capacity, climate-controlled components, on-site security, and significant infrastructure upgrades made during a recent repositioning.
- Attractive Market Fundamentals: The immediate submarket has limited near-term competitive supply and ultra-low industrial vacancies, creating a high demand for available inventory in this size range.
- Proximity to Critical Demand Drivers: The property offers direct access to a nearby labor pool, key arterial highways, and a historical concentration of related food and beverage users in the surrounding market.
- Favorable Permanent Financing with Positive Leverage: Secured financing from a Life Insurance Company ensures a robust long-term cash flow outlook.
This property represents another successful investment for CREIT, our perpetual-life real estate investment trust (REIT), and further strengthens CIRE Equity’s industrial portfolio in the Pacific Northwest and nationwide.
