Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

On behalf of The Keith Corporation, Jones Lang LaSalle Americas, Inc. (“JLL”) has

been retained as the exclusive sales representative for the A&R Logistics Center (the

“Property”) - a 615,000 square foot Class A+ industrial facility located in the rapidlyexpanding

Charleston, South Carolina market. The Property is 100% leased to A&R

Logistics, Inc. (“A&R”) featuring nearly 14 years of remaining lease term with 2.00%

annual escalations. A&R is the leading provider of supply chain services to the chemical

industry providing dry bulk transportation services, warehousing and packaging,

distribution, export, and third-party logistics solutions to numerous multinational

companies. The mission-critical facility was developed in close cooperation with the

South Carolina Ports Authority and CSX, who has invested approximately $12 million

into switching and off-site mainline rail improvements to serve the building and make

the Property a designated CSX Select Site. As a result, the A&R Logistics Center

possesses unique rail service and rail car storage capabilities with direct access to the

Port of Charleston and CSX Intermodal.

Advantageously positioned adjacent to US-52, the Property enjoys straight shot

access to I-26, I-526 and US-78 which links the A&R Logistics Center to every corner

of the Charleston MSA. Further, the Property benefits from its direct connectivity to

Charleston’s world-class logistics infrastructure which includes the Port of Charleston

(via rail and road), Charleston International Airport (CHS) and CSX Intermodal.

Consisting of timeless tilt-up concrete construction, the front-load building possesses

two (2) rail doors on the rear side and a multitude of institutional-quality features such

as 36’ clear height, ESFR sprinklers and energy efficient LED lighting throughout.

Moreover, the Property is positioned on an 85-acre parcel capable of accommodating

an additional 389,500 square feet of expansion space. Overall, the A&R Logistics

Center presents investors with the opportunity to acquire a core industrial asset with

long-term, stable cash flows in the explosive Charleston industrial market with future

value creation opportunity.

Investment highlights

STABLE EXISTING CASH FLOW

100% leased to A&R Logistics, Inc. (“A&R”) with approximately 14

years of remaining term and 2.00% annual escalations.

• #1 provider of supply chain services to the chemical industry,

outsizing their nearest competitor by 3x

• Acquired six (6) companies in the past 24 months alone,

bolstering A&R’s already dominant market share and further

increasing its pricing power

• Guaranteed by A&R Logistics Holdings, Inc.

MISSION-CRITICAL FACILITY

• The Property was developed in close cooperation with the

South Carolina Ports Authority and CSX, who has invested

approximately $12 million into switching and off-site mainline rail

improvements to serve the building and make the Property a

designated CSX Select Site

• Provides A&R with two (2) high-speed packaging lines, sea bulk

operations, liquid transload capability, rail service via CSX and

direct access to the Port of Charleston and CSX Intermodal

• The company targets high-volume, export-seeking plastics

producers and utilizes their high-speed packaging lines to

prepare resin pellets – a key piece to the plastic production

process

• Servicing contracts for household name petrochemical

companies such as Chevron and Shell, among others

EXPANSION UPSIDE

The Property can accommodate up to 389,500 square feet of

additional space via a highly accretive expansion option, providing

an avenue for future value creation in addition to existing long-term,

stable cash flows.

HIGHLY FUNCTIONAL, VERSATILE BUILDING DESIGN

The functional design of the Property appeals to a broad tenant base.

• 410’-deep front-load configuration

• 36’ clear height

• Abundant dock-high doors with premium dock packages and

existing trailer storage with the ability to expand

• Fully secured, 185’-deep truck court

• Highly functional office space (less than 1.0%)

• Best-in-class rail service and rail car storage capabilities

Last Updated Date: 19 Jul 2021
Pete Pittroff
Pete Pittroff
Senior Managing Director, Carolinas Co-Head
Broker Licenses
NC-163984
Dave Andrews
Director, Capital Markets

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Last Updated Date: 19 Jul 2021

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