Canal Center Properties

IMMEDIATE UPSIDE IN INCREASING NNN REIMBURSEMENTS!

A well-positioned portfolio featuring a diverse mix of core assets, including primarily flex-industrial buildings, truck yard, mixed-use investments, and net lease retail properties. With a strong historic occupancy and a tenant roster representing various industries, the portfolio spans across 17.49 acres (14.29 acres are adjacent), offering significant potential for additional development and upside in truck parking. Notable components include phases of flex buildings, a mixed retail and office structure, a restaurant - all in line. The standalone warehouse anchored by TruckPro and 3Step is strategically located within a mile from the main portfolio properties. The entire portfolio is located around the intersection of I-77 and I-480, with quick interstate access North/South and East/West. With below market rents, the portfolio benefits from a landlord-friendly lease structure, with approximately 76% of leased space on a NNN structure, ensuring stability with solid in place rent increases.

Recent major investments by industry leaders like Ferguson Supply and Amazon in the immediate vicinity underscore the area’s economic momentum and potential for sustained growth and future on site development. Incoming ownership benefits from the option of continuing to leverage in-house leasing and supported by committed in-house management, this investment opportunity offers a solid foundation in a thriving real estate market, ideal for investors seeking both stability, upside and future appreciation.