Do you think Alligood Industrial Park is a good investment?
YES
NO
Recapitalization and lease-up of a recently developed, two building industrial park sitting just a half mile from a key national transit corridor in one of the fastest-growing industrial submarkets of the thriving, 95.7%-occupied Nashville metro.
Terms
Min. Investment$25,000
Target Return17%
Property TypeIndustrial
Target Hold Period3 years
Target Raise$11,000,000
Close DateMarch 20, 2024
Benzinga's Take
Alligood Industrial Park is a recently completed industrial development spanning 410,370 square feet across two buildings in Lebanon, TN, just 30 miles east of Nashville in the Wilson County submarket. Delivered in Q1 2023 by a developer with 130 years of experience, the Property was then acquired by Pearlmark in September 2023 at approximately 12% below current estimated replacement cost. Investors will have the opportunity to invest in the recapitalization of this project, managed by the $14.2 billion enterprise sponsor, and to potentially benefit from the lease-up of the remaining 50% of space.SUBSCRIBE TO BENZINGA ALT RATINGS
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What is the target raise?
Target raise is $11,000,000
What is the minimum investment amount?
Min. investment is $25,000
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