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Jones Lang LaSalle (“JLL”), as exclusive representative, is pleased to present for sale the Aisin Logistics Center, a Class A distribution facility located in Franklin, Indiana (the “Property"). The Property is currently undergoing a 153,000-square-foot expansion which will bring the total footprint to 300,015 square feet of prime logistics space, which will be fully occupied by the auto parts supplier Aisin World Corporation of America (the "Tenant") on a long-term net lease. Situated on 30.71 acres within the Franklin Tech Park, a growing, institutionally-occupied business park directly along I-65, the Property is ideally located to benefit from the unprecedented demand levels the Indianapolis industrial market has experienced over the past five years. The confluence of the Property's Class A build, institutional tenancy, immediate I-65 access, and setting within a torrid Indianapolis industrial market position the Aisin Logistics Center as a secure investment with ample room for future growth.
The Property is currently 100% leased to Aisin World Corporation of America on a long-term, industrial net Lease through April 1, 2034. The Tenant is a wholly-owned subsidiary of the Japanese Aisin Corporation ("Aisin"), the 5th largest Tier 1 supplier of automotive car parts in the world. Aisin's strong financial standing is backed by a long-term A credit rating from S&P and its #339 spot in the 2021 Global Fortune 500 rankings, demonstrating the firm's dominant position in the global auto parts market. The sole occupier of the Property since 2004, Aisin is scheduled to take occupancy of the 153,000-square-foot expansion premises in January 2022 to bring its Franklin Footprint to the entirety of the 300,015-square-foot Aisin Logistics Center. Aisin's 2021 expansion and 12-year extension demonstrate the importance of the Aisin Logistics Center within the firm's North American supply chain, servicing seven manufacturing facilities across the Midwest and Southeast United States. The Property's location within a Franklin Tech Park that has transformed into a bustling, institutionally owned and occupied industrial corridor over the past half-decade underscores the prime logistics location Franklin provides users. The Aisin Logistics Center represents the opportunity to acquire a Class A distribution asset fully occupied by a global tenant which has routinely demonstrated a deep commitment to Franklin highlighted by its 2021 expansion and long-term lease extension.
- Mission-Critical Logistics Facility
- Committed, Institutional Tenancy
- Prime Distribution Asset
- Red-Hot Indianapolis Market
- Burgeoning Franklin Micro-Market