Overview

Description

•STRONG CORPORATE LEASE WITH PODS ENTERPRISES, LLC •LEADER IN PORTABLE MOVING & STORAGE SOLUTIONS

•$1.2 BILLION IN REVENUES (2023)

•240 LOCATIONS NATIONWIDE & OVER 3,000 EMPLOYEES

•NEW 10 YEAR MODIFIED NNN LEASE

•3% ANNUAL RENT INCREASES

•PASSIVE INCOME STREAM WITH AGGRESSIVE ANNUAL RENT GROWTH

•INFLATION HEDGE

•AGGRESSIVE CAP RATE GROWTH OVER TERM OF THE LEASE – 7.60% CAP RATE IN YEAR 10

•CLASS “A” INDUSTRIAL WAREHOUSE WITH SECURE YARD SPACE

•NEW 2024 CONSTRUCTION

•REINFORCED CONCRETE TILT-UP CONSTRUCTION

•28 FOOT CLEAR HEIGHT

Location

•STRATEGIC MISSION CRITICAL LOCATION FOR PODS •MOST EASTERN S. CALIFORNIA LOCATION CONNECTS PODS NETWORK

TO PHOENIX & LAS VEGAS MARKETS

•EASY ACCESS TO INTERSTATE 10 (92,000 VPD) CONNECTING TO INLAND EMPIRE

•DESERT HOT SPRINGS – REAPING THE BENEFITS OF INDUSTRIAL WAREHOUSE DEVELOPMENT MOVING EASTWARD

•OVER 3 MILLION SF OF NEW DEVELOPMENT PROJECTS APPROVED

•38% PROJECTED FUTURE JOB GROWTH RATE IN NEXT 10 YEARS

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