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Westmount Realty Capital Unloads Fully Leased Industrial Property in Lebanon
Dallas, TX-based Westmount Realty Capital has sold 840 Logistics Center, a 709-652-square-foot industrial property in the Nashville submarket of Lebanon, TN.
The Class A bulk distribution center is 100% occupied by two third-party logistics tenants.
840 Logistics Center was built in 2008 and sits on 44 acres. The cross-dock warehouse and distribution facility has 32’ – 36’ feet clear heights and excess trailer and car parking. Over the past years, several million dollars were spent on upgrades including LED warehouse lighting and new dock and light packages on every loading dock within the facility.
“The property sits on I-840 and is within minutes of major interstate highways like I-24, I-40, and I-65, an ideal central location for national distribution across the country,” said Brian Scruggs, Westmount’s managing director of industrial acquisitions. “The region’s skilled and educated workforce coupled with the state’s low cost of doing business make it a desirable area in which to invest.”
- ◦Sale/Acquisition
