Industrial Archives - CIRE Equity

1410 Gillingham Lane

Tina Mumm — Mon, 01 Jul 2024 18:49:24 +0000

Strategic Redevelopment: Converting a vacant office building into a light manufacturing asset with enhanced functionality, clear heights, dock-level loading, and an expanded footprint.
Long-Term Lease: Executed with a tenant before acquisition, transforming the space into their new HQ with on-site assembly and production.
Healthy Market Fundamentals: Located in a highly sought-after submarket within the Houston MSA, featuring low industrial and flex vacancies.
Tactical Positioning: Located in Sugar Land, just 20 minutes southwest of downtown Houston, it offers excellent access to a large workforce and robust infrastructure.

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26201 Ynez Rd

Tina Mumm — Tue, 04 Jun 2024 18:33:52 +0000

Healthy Market Dynamics: The immediate market has exceptionally low vacancy rates due to strong demand for functional, low-finish industrial spaces less than 50,000 SF and limited new supply in this size range.
Strategic Positioning: Unrivaled visibility and access to Interstates 15 & 215 and major metro markets throughout Southern California.
Adaptable Space Use: Multi-tenant buildings with flexible options that appeal to both warehousing/distribution and service-oriented tenants, creating high leasing demand.

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42259 Rio Nedo Rd

Tina Mumm — Tue, 04 Jun 2024 18:30:46 +0000

Healthy Market Dynamics: The immediate market has exceptionally low vacancy rates due to strong demand for functional, low-finish industrial spaces less than 50,000 SF and limited new supply in this size range.
Strategic Positioning: Unrivaled visibility and access to Interstates 15 & 215 and major metro markets throughout Southern California.
Adaptable Space Use: Multi-tenant buildings with flexible options that appeal to both warehousing/distribution and service-oriented tenants, creating high leasing demand.

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1280 Disc Drive

CIRE Equity — Tue, 20 Feb 2024 22:06:35 +0000

1280 Disc Drive is a 405,146 SF single-tenant net-lease R&D/manufacturing campus on 28.6 acres in Shakopee, MN.
Acquired as part of a sale-leaseback to Seagate Technology, a global leader in data storage solutions.
Built in 1999, the facility contains research & development space, laboratories, office amenities, warehouse space, and over 25k SF of clean rooms.
High visibility campus in the Southwest submarket of the business-friendly Minneapolis-Saint Paul metro, with key access to an educated labor pool of over 3.7 million people.
Strategic location, proximate to several major transportation, manufacturing, and academic hubs, including the Minneapolis-St. Paul International Airport.
See acquisition announcement: CIRE Equity Expands Portfolio with New Acquisition

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13001 Almeda Rd

jlee — Thu, 15 Feb 2024 01:47:53 +0000

Acquisition of freestanding 123,048 SF single-tenant net lease industrial asset
Historically stable sub-market with strong tenant demand and rent growth

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7416 E Broadway

Tina Mumm — Wed, 11 Oct 2023 17:48:50 +0000

7416 E Broadway is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
7416 E Broadway is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials.
This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term growth.
Growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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412 N Haven

Tina Mumm — Wed, 11 Oct 2023 17:25:45 +0000

412 N Haven is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national, investment-grade tenants.
412 N Haven is currently occupied by Mondelez International, one of the world’s largest snack companies, and empowers people to snack right in over 150 countries.
This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term growth.
Growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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3919 W First

Tina Mumm — Tue, 03 Oct 2023 17:01:31 +0000

3919 W First is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
3919 W First is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials.
This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
As a supply-constrained market with growing distribution hubs, 3919 W First offers a strong outlook for long-term rent growth.

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2225 NE Elrod

Tina Mumm — Thu, 24 Aug 2023 21:46:17 +0000

2225 NE Elrod is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
2225 NE Elrod is currently occupied by Bimbo Bakeries, which is a leader in the industrial baking industry.
This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term rent growth.
Revenue growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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8001 E Bloomington

Tina Mumm — Thu, 24 Aug 2023 18:18:53 +0000

Prime Location: Situated in Bloomington, MN, just outside the Minneapolis-Saint Paul metropolitan area.
Key Tenant: Currently leased to Hearing Care Corp. (dba.“GNReSound”), serving as their corporate headquarters and research & development facility. As a premier brand of GN Group, GN ReSound is a pioneer in hearing aid innovation, known for groundbreaking connectivity solutions.
Mission-Critical Facility: The property boasts a generous 7.77-acre lot with room for expansion, low site coverage (36%), and above-market parking (3.7 per 1,000 SF) and also supports all business operations, facilitating advanced R&D of custom-made hearing instruments, collaborative senior management workspace, and efficient warehousing and shipping. Custom-designed to meet GN ReSound’s operational needs, including laboratory production, high-quality office space, and warehousing for their North American product line.
Promising Future: GN ReSound has continually upgraded the facility since 2013, demonstrating its commitment to the location. With GN ReSound’s substantial investment in R&D, prime location, and reliable contract rent, the likelihood of lease extension is high.
Thriving Submarket: Located in a dense and infill industrial submarket with a record-setting demand, featuring a vacancy rate of just 2.5% and an 8.4% rent growth over the last 12 months.
Twin Cities Hub: Positioned within the vibrant Minneapolis and St. Paul metro area, known for its Fortune 500 corporations, cultural landmarks, and thriving economy. This location is also positioned near primary interstates, only four miles from MSP International Airport and a mere ten miles south of Minneapolis CBD.
Strong Economic Base: Anchored by a highly educated and diverse labor force, the region experiences a steady influx of new residents, making it an attractive investment destination.

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