Ranger 3PL Portfolio

Acreage

16.53 acres

Building Size

720,150 SF

The Ranger 3PL Portfolio comprises 16 buildings totaling 720,150 square feet across a multi-tenant industrial park in Seymour, Indiana. The property is anchored by Valeo, a global automotive lighting systems manufacturer with 17 years of occupancy spanning 489,000 square feet across 10 buildings, and Packaging Corporation of America occupying 100,000 square feet. Eight additional tenants hold the remaining 103,100 square feet on long-term, month-to-month, or year-to-year arrangements, demonstrating stable, flexible occupancy. Seymour benefits from direct Interstate 65 access via a recently completed $30 million bypass, enabling semi and delivery vehicle connectivity to Freeman Field Industrial Park without local routing delays. The property's position within the Midwest corridor supports distribution and manufacturing operations serving regional automotive and logistics networks. Valeo's 2021 commitment of over $40 million in new manufacturing equipment underscores ongoing industrial demand in the submarket. With expiring leases on five Valeo-occupied buildings totaling 236,000 square feet and current rents averaging 24 percent below market, the portfolio presents near-term opportunities for lease renewals and rental optimization. Historical lease extensions in four buildings totaling 221,000 square feet demonstrate tenant retention and scalability potential for future ownership strategies.