675 Hartmand Road, Austell, GA 30168
The Opus National Industrial Portfolio consists of nine industrial assets located in eight key distribution markets: Dallas, Atlanta,Minneapolis, Austin, Indianapolis,Detroit, Cincinnati and Columbus. This portfolio provides KBS REIT the opportunity to acquire a critical mass of high quality, well leased warehouse/distribution properties in 8 of the largest 15 Industrial Markets in the U.S.
At the date of acquisition, the portfolio was 97% leased to 15 tenants. Key tenants include: Dell Products, Medline Industries, Brightpoint North America, Cardinal Health, Inc., ADVO/Valassis and Corporate Express of Texas. The Opus Portfolio provides an opportunity for stable cash flow with minimal near-term tenant rollover. The majority of leases are at or below market and contain contractual rent escalations providing increasing cash flow.
Investment at a Glance
Location: MN,TX,OH,IN,GA, and MI
Property Type: Warehouse
Acquisition Date: July 25, 2007
Purchase Price: $124,500,000
No. of Buildings: 10
Square Footage: 2,315,848 SF
Leased Percentage (at the time of Acquisition): 97%