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    2011 BROADBANK COURT – CHARLESTON MSA

     KEY INVESTMENT HIGHLIGHTS
     
    Total Project Capitalization:

    $12.4 Million

    Projected: 15-17% IRR | 1.8-1.9x EM | 9-9.5% Stabilized YoC

     

    Equity Sought: $4.7 Million
    Hold Period:
     5 Years
     

    Gould Capital is representing NAME in sourcing $4.71 million of LP equity to capitalize the acquisition of 2011 Broadbank Court, a 76,400 SF, single-tenant, NNN flex industrial/office asset located in the high-growth Charleston MSA - one of the fastest-expanding industrial corridors in the Southeast.

    The project is being capitalized at approximately $12.4 million, reflecting a compelling 8.8% going-in cap rate and a ~9.5% stabilized yield on cost, supported by a 2011-vintage, institutional-quality building with expanded parking, conditioned warehouse space, lab/office improvements, and 26’ clear heights. The facility serves as mission-critical infrastructure for COMPANY, a joint venture between two nationally recognized construction firms contracted to the adjunct Google data center campus.

    Situated in one of Charleston’s most strategically important industrial zones, the property benefits from strong tenant demand, limited modern supply, and surrounding infrastructure investment driven by the continued expansion of the adjacent data center and advanced manufacturing ecosystem. Because the tenant is contracted to Google for ongoing data center support, the location is mission-critical to their operations - driving a high probability of renewal and providing meaningful downside protection.

    Investment Overview

    Capitalization:  The sponsor is seeking $4.71 million of LP equity, with a total capitalization of $12.4 million. The structure is flexible, enabling either equity-only participation or full-stack capitalization for groups seeking integrated debt and equity exposure.
     
    Return Projections:  Under a 5-year hold, the Broadbank acquisition is projected to deliver a 15-17% project-level IRR and a 1.8-1.9x equity multiple, driven by durable in-place NOI, contractual escalation, and exit value supported by rising demand for modern flex industrial product. Stabilized yield on cost is projected at 9-9.5%, with limited capital expenditure risk due to NNN lease structure and 2011 construction.
     
    Operating Profile:  The single-tenant NNN lease provides minimal landlord obligations and strong cash-flow reliability. The remaining lease term is approximately 2 years and 8 months, with a well-capitalized $550,000 rollover reserve in place to support renewal or re-tenanting.
    The tenant occupies 76,400 SF, inclusive of areas outside the originally documented 66,775 SF leased footprint, reflecting the operational necessity of the space.
     
    Deal Highlights:
     
    • $12.4M total capitalization | Open to equity-only or full-stack structures
    • 8.8% going-in cap rate | ~9.5% stabilized YoC
    • 15-17% project-level IRR | 1.8-1.9x equity multiple | 5-year hold
    • 2011-built, 76,400 SF institutional-quality flex industrial/office facility
    • Mission-critical tenancy supporting regional data center infrastructure
    • High-demand Charleston MSA with strong industrial absorption and limited modern supply
    My Documents

     

    The materials presented herein are for informational and evaluation purposes only and are intended solely for use by sophisticated institutions and accredited investors. Gould Capital (“GC”) is acting solely in a strategic advisory and consulting capacity and is not a registered broker-dealer, investment adviser, or placement agent. GC does not provide investment recommendations or offer securities for sale, and nothing contained herein shall constitute an offer to sell or a solicitation of an offer to buy any security. All information provided is based on data received from third parties, including project sponsors and operating partners. While GC endeavors to present information believed to be accurate and reliable, GC makes no representation or warranty, express or implied, as to the completeness, accuracy, or timeliness of the information, and assumes no liability for any loss or damage resulting from its use. Any prospective investor must conduct their own independent evaluation, due diligence, and risk assessment before making any investment decision. Participation in any investment opportunity introduced by GC is done at the sole discretion and risk of the recipient, and GC shall not be held responsible for any investment outcomes, financial performance, or business decisions made as a result of these materials. GC’s role is limited to making strategic introductions and supporting deal evaluation and communication processes. Any potential investment must be undertaken pursuant to definitive offering documents provided directly by the sponsor or issuer, who alone bears responsibility for any securities offering. By reviewing these materials, you acknowledge and agree to the foregoing limitations.

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