Stabilized Real Estate
Industrial - Almaville Rd
PURCHASE PRICE
$21M
SIZE
172,420 SF
LOCATION
Nashville, TN
ACQUISITION DATE
Q1 '22

Investment Highlights

  • 172k SF, 100%-leased industrial distribution center located in the Nashville, TN industrial market
  • Property is 100% leased to two tenants
  • 2016-vintage asset features 29’ clear heights, 135’ truck courts and 34 dock high and provides good access to transportation infrastructure
  • Nashville market is experiencing strong industrial supply and demand fundamentals, contributing to rent growth and positive net absorption
  • KREST sold the property in August 2023

(1) As of August 31, 2024.