Moir Park Industrial

Moir Park is a collection of 36 buildings totaling 627,918 square feet spread across various locations. Moir Park is a highly coveted asset type due to the fenced-in outdoor storage at each location. The outdoor storage increases the assets’ functionality and lease renewal potential.

The Portfolio is currently 100% occupied by eight tenants specializing in heavy industrial equipment sales. Some of these tenants include United Rentals Realty, LLC (Parent S&P: BB+), Wand Newco3, Inc (S&P: B-), Sunbelt Rentals, Inc (Parent BBB-), Home Depot USA, Inc (Parent S&P: A), Cummins, Inc (S&P: A+), and H&E Equipment Services, Inc (S&P: BB). Moir Park Industrial properties are critical to the tenants’ regional objectives. The collection is cash-flowing and has a 4.7-year average remaining lease term at acquisition.