Industrial Real Estate Investment Offering for Development Near Gulf Coast Shipping Corridors

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The online investment platform crowd street has a new industrial park offering near Baton Rouge, Louisiana. The proposed project, known as Gateway Industrial Park, will include nearly 200,000 square feet of industrial space in Geismer, Louisiana, which will allow the center easy access to nearby Baton Rouge and valuable corridors of navigation in the gulf coast region.

The ultimate goal for the project developer is to build the distribution center, which will serve an area that has a high demand for industrial property and distribution centers, but a limited supply of available space.

The sponsor of the project, Provident property advisersis seeking $10.8 million in funding to build the industrial park on currently vacant land owned by Provident.

Investors will receive shares in Gateway, which is offered as a development investment. Provident’s ultimate goal is to complete construction and sell Gateway at a profit at the end of the proposed three-year investment period.

Investment targets: Provident’s current plan is to begin making distributions to Gateway investors in the third quarter of 2023. The project is currently open for offers, which must be submitted by April 25, 2022 and funded by April 27, 2022.

  • Minimum investment: $25,000
  • Internal rate of return (IRR) target: 19.4%
  • Targeted equity multiple: 1.9x
  • Target investment period: 3 years

About the project sponsor: Gateway Industrial Park is sponsored by Provident Realty Advisors, which has been in business since 1991. For over 30 years, Provident has focused on value-added, development-oriented investments in underperforming markets with upside potential.

The company has sponsored, purchased or developed projects worth more than $5 billion in various real estate sectors, including industrial parks, extended stay suites, multi-family residences and self-storage facilities.

Show in progress CrowdStreet offers on Benzinga Alternative Investments.

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