Crossdock Pipeline

A number of near-term, high probability opportunities in the pipeline

Key Takeaways

  • Three opportunities are under contract and have tenant interest for up to a 750,000 s.f. facility expandable to 1 million s.f.
  • A total potential equity needs in excess of $100 million
  • Pipeline developing to a yield to cost of 6.50% – 7.00%+
  • Projected equity multiple range of 2.0x – 2.5x
  • Creating value of over $100 million (stabilized value less cost)

Current Pipeline

Additional Properties Identified/Being Negotiated
Not Listed Below

Project Name MSA Land Zoned / Entitled? Construction Start Size
Providence Business Park Lexington, KY Under Contract Zoned/Entitled Q2 2024 1 Million SF to 1.5 Million SF
Versailles Subdivision Lexington, KY Under Contract Zoned/In Progress Q4 2024 100 Lots
Augusta Tech Park Staunton, VA Under Contract In Progress/In Progress Q2 2025 (5) Buildings Ranging 150,000 SF to 220,000 SF

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