Ena Drive

Background:

• One building, 100% leased to 4 tenants (includes one pending lease)
• Highly visible west Lansing location along I-69
• Located proximate to major Meijer, Ryder, Amazon, & GM facilities
• Tight submarket with < 2% vacancy
• Strong tenancy (Amazon, Auto-Owners Insurance) and diverse income streams with both IOS and long-term billboard leases

Opportunities:

• Upfit opportunity in several suites to drive higher rents
• Strong going-in yield > 10% for very well-located product
• Opportunity for 3-acre IOS expansion
• Market-to-market opportunity with several tenants as leases roll

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