KEY SELLING POINTS
- high-growth market based on population, jobs, qualify of life
- adjacent I-24 and Nashville International Airport
- 94% occupied
- increased demand for space by business service industries
- high barriers to entry (i.e. rising land values and construction + financing costs)
- underserved market with SBLI space
- current average rent 50% below market
INVESTMENT STRATEGY
- complete exterior property upgrades
- align coterminous tenant expirations to combine smaller spaces into larger, single units
- execute leases to create SBLI tenant mix of 70% warehouse, 30% office at market rate
RESULTS (AS OF Q1 2026)
- renamed property: 501 Metroplex
- 98% leased
- 10 leases (including 1 renewal)
- rental rates 16% above proforma
- recaptured 10 spaces for conversion
