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Abernathy — South Carolina Class B Industrial Park

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NET IRR

15.2

%

NET AVG. CASH-ON-CASH RETURN

7.7

%

TRANSACTION OVERVIEW

Abernathy Industrial Park is currently a 100% leased, six-building logistics campus in the Greenville–Spartanburg corridor.

City, State

Greenville

South Carolina

Minium Investment

$100,000

NET EQUITY MULTIPLE

1.70

x

TARGET TERM

4

Years

Months

Strategy

Light Value-Add

STABILIZED YIELD ON COST

7.8

%

CAP RATE

6.5

%

OCCUPANCY

100

%

% OF REPLACEMENT COST

61

%

Abernathy — South Carolina Class B Industrial Park

This Industrial opportunity showcases Lightstone's rigorous approach to the asset class.

Abernathy Industrial Park is currently a 100% leased, six-building logistics campus in the Greenville-Spartanburg corridor, a region now seeing over $8 billion in new manufacturing investment. Strategically located at the intersection of I-85 and I-26, Abernathy connects directly to Atlanta, Charlotte, and the Port of Charleston – placing 31% of the U.S. population within a one-day drive. With stable in-place cash flow, limited new Class B supply, and rising tenant demand, Abernathy offers investors the opportunity to partner with an experienced, well-capitalized manager that is directly aligned through significant co-investment. Supported by the Greenville-Spartanburg market’s diversified manufacturing base and unmatched regional connectivity via interstate, port, and air infrastructure, the property is well positioned to capture demand driven by logistics expansion, supply chain reconfiguration, and reshoring trends across the Southeast. Lightstone’s strategy offers a balanced mix of immediate income, rent growth, and long-term value creation, backed by a cycle-tested operator and one of the region’s most resilient industrial markets.

Proforma Net IRR of 15.2% and a Net Equity Multiple of 1.7x over a four-year hold

Lightstone is buying the property at a 39% discount to replacement cost

Over $8.8 million has been invested into the property since 2015

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NEWS & INSIGHTS

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part-2-A

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