Wilson Investment Properties Expands with Acquisition of Industrial Site in Florence, Kentucky
“The industrial vacancy rate in this submarket has dropped to an unprecedented 2.1% due to very limited Class B supply and large job and economic growth in the area,” officials said.
Making the site even more attractive, company officials noted, it is just 3 miles away from Amazon’s recently added 210 acres that will be part of its future air cargo hub for Prime Air at the Cincinnati/ Northern Kentucky International Airport; Amazon anticipates bringing 2,700 new jobs to the area.
Wilson Investment Properties and Fithian acquired their first Cincinnati Industrial Portfolio just 2 miles away in June 2018. This portfolio has performed well and maintained full occupancy through ownership.
This newest strategic purchase was made through a syndication of private investors, pooling equity capital to purchase large commercial properties that offer preferred returns, cash flow distributions, and profit splits.
"These offerings allow our investors, many of whom are in the technology field, to diversify their investments outside of stocks and Wall Street," said Tom K. Wilson, Principal of Wilson Investment Properties. He added "Many of our clients love that they can invest in an institutional grade product for as little as $50,000 by utilizing the expertise of an experienced syndicator."
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