ATLANTA-Colliers International has listed a 25-asset AIC Ventures portfolio of single-tenant, tripel-net leased industrial properties that will generate more than $18.6 million in year-one rent. The selling price: $216.4 million.
The portfolio is 100% occupied, and can be acquired in whole or in one of three separate pools. Altogether, the assets offer 4.5 million square feet across 25 locations in 18 states and 23 metropolitan statistical areas. On average, the tenants have been in business for more than 55 years and in mission-critical properties.
“You’ve got very long remaining lease terms of almost 15 years across the portfolio,” Brad Hardy, executive managing director and co-leader of the Industrial Real Estate Solutions Group at Colliers International, tells GlobeSt.com. “We are seeing a lot of interest from high net worth private capital sources as well as foreign capital that with a North American real estate advisor.”
After a roller coaster ride in the stock market and low yields on stocks and bonds, commercial real estate offers stability and reliability. Real Capital Analytics recently reported that high-net-worth individuals invested $2.1 billion in commercial real estate in 2010, up from $579 million in 2009. And according to Investment Property Databank, US commercial real estate investments returned 14.2% in 2010, the third largest return for that asset class over the past decade.
The portfolio offers average annual rent increases of 2.1%. The maturities are staggered through November 2008 with attractive, secure yields and substantial security deposits. Colliers is accepting offers through May 10.
“The tenants in this portfolio were hand-selected and acquired through leaseback transactions,” says Peter Carlsen, president of AIC Ventures. “This ownership opportunity gives investors a source of uninterrupted, steady cash flow and tenants get the capital needed for continued growth. It’s a win-win for all sides.”
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