SARATOGA, Calif., Dec. 19, 2018 /PRNewswire/ -- Wilson Investment Properties, a Silicon Valley-based real estate investment firm, partnered with SVN Trinity on their 9th joint venture to purchase a second industrial portfolio in Florence, KY in the Cincinnati, OH MSA. The portfolio is a fully occupied 16-Unit Class B Flex Industrial Business Plex.
The industrial vacancy rate in this submarket has dropped to an unprecedented 2.1% due to very limited Class B supply and large job and economic growth in the area.
Just 3 miles away, Amazon recently added 210 acres as part of its future air cargo hub for Prime Air at the Cincinnati/ Northern Kentucky International Airport and anticipates bringing 2,700 new jobs to the area.
Wilson Investment Properties and Fithian acquired their first Cincinnati Industrial Portfolio just 2 miles away in June 2018. This portfolio has performed well and maintained full occupancy through ownership.
This newest strategic purchase was made through a syndication of private investors, pooling equity capital to purchase large commercial properties that offer preferred returns, cash flow distributions, and profit splits.
"These offerings allow our investors, many of whom are in the technology field, to diversify their investments outside of stocks and Wall Street," said Tom K. Wilson, principal of Wilson Investment Properties. He added "Many of our clients love that they can invest in an institutional grade product for as little as $50,000 by utilizing the expertise of an experienced syndicator."
Wilson Investment Properties, founded in 2003 in Silicon Valley, is a provider of commercial real estate syndications in industrial, multifamily, office, retail, land development, and assisted living.
Media contact:
Tom Wilson
408-867-1867
SOURCE Wilson Investment Properties
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