565 Brick Church Park Drive

Property Overview

Foundry Commercial is pleased to present the opportunity to acquire 565 Brick Church Park Drive (the “Property”), a ±75,000 SF infill industrial facility located just 5 miles from downtown Nashville in one of the most-desirable and most densely populated submarkets, Nashville’s Industrial Central Business District.

The property is 100% leased to AllParts Medical, a subsidiary of multinational and publicly traded healthcare corporation Philips (NYSE: PHG). Philips/AllParts has occupied this Property since 2018 and recently renewed its lease at market-rate terms, which increased its base rental rate by 82% plus 4.0% annual escalations — demonstrating Philips’ strong commitment to the Property.

Philips recently invested over $3.5 Million ($47 PSF) of their own money into capital improvements to the Property. Philips’ significant capital investment in full-building HVAC, state-of-the-art office and technician spaces, ESFR sprinklers, LED lighting, and other “bolt down” building improvements further demonstrates Philips’  long-term commitment to the Property.

The Property is a unique opportunity to acquire an irreplaceable logistics asset in one of the strongest industrial markets in the country.

For access to the Offering Memorandum and Due Diligence materials, please sign the Confidentiality Agreement by visiting the Property Website located here.