MDH Partners recently acquired KV Buckeye 10, a state-of-the-art industrial complex spanning 249,600 square feet. The property was sold by Kentwood Ventures for $51 million and is currently 60% leased.
Completed in August of 2023, the complex is situated on an expansive 18.7-acre site and features two buildings: one measuring at 115,200 square feet and the other at a sizeable134,300 square feet. Designed to cater to tenants of various sizes ranging from mid-bay enterprises to larger companies, this project stands out as the only Class A industrial development in Buckeye with available spaces below50 ,000 square feet.
Leading the transaction on behalf of JLL were Greer Oliver and Connor Nebeker-Hay who represented Kentwood Ventures as sellers. According to Oliver from JLL,”This investment offers stable cash flow with over half of its space already occupied while also presenting potential value creation opportunities through leasing out remaining vacancies.” He further added that demand for smaller tenant sizes remains strong in Buckeye due to lack of availability for spaces under50 ,000squarefeet .
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