Marmot Industrial Income Fund I, LP
Institutional-Grade
Industrial
Income
Targeting 9%+ Cap Rates
Executive Summary
A $50 million private equity real estate fund acquiring stabilized, income-producing industrial flex properties in tertiary U.S. markets at 9%+ cap rates.
Disciplined acquisition is the foundation of returns. Our experience and proprietary deal flow help us identify below-market-value, high-cap-rate opportunities in markets others overlook.
By focusing on $5M–$10M properties overlooked by institutional buyers, Marmot targets durable cash flow, tax-advantaged returns, and downside protection.
Equity commitments targeting stabilized industrial flex assets across U.S. tertiary markets.
7% targeted annual preferred return, with a projected 1.8x–2.0x equity multiple over a 5–7 year hold. Returns are not guaranteed.
Quarterly cash distributions with potential liquidity through refinancing or portfolio exit.
Built for Durability, Priced for Yield
Stabilized industrial flex assets in tertiary markets — where cap rates remain 150–250 basis points above primary markets.
Why Marmot Industrial
Resilient Asset Class
Essential role in the global supply chain, especially manufacturing, e-commerce, and logistics.
Attractive Yield Profile
Cap rates in tertiary markets remain 150–250 basis points higher than primary markets, creating opportunity for outsized income.
High Demand, Limited Supply
Strong demand from e-commerce, logistics, and reshoring continues to outpace the limited supply.
Recession-Resistant Cash Flow
Mission-critical space leads to tenant stickiness and lower turnover costs.
Experienced Sponsor
15+ years of successful acquisitions, development, and property management through Marmot Properties. Over $150M in transactions across multifamily, commercial, and mixed-use projects.
Operational Edge
In-house construction and management team ensures cost control, NNN audits, and disciplined asset management. From brokers to fund managers — we control the entire value chain.
Technology-Driven Deal Flow
Partnership with Banu.ai, our proprietary AI software, powers broker outreach and tenant sourcing at scale.
Tenant Retention
If a tenant vacates, Marmot's national brokerage network can rapidly backfill space. Premature lease terminations prioritized by national brokerage team, turning vacancy risk into a competitive advantage.
Investment Criteria
Renovated, stabilized industrial flex assets in tertiary U.S. markets with above-market yields, strong tenant credit, and long-term lease structures.
Property Type
Industrial flex, renovated, stabilized, fully leased for minimum 5 years with credit tenants.
Deal Profile
$5M–$10M assets, 20K–100K SF, in tertiary markets with above-market yields.
Tenant Focus
Light industrial, logistics, tech assembly, medical storage. NNN leases with 2–3% annual escalations.
Target Returns
Projected returns based on disciplined underwriting, conservative leverage, and operational expertise across stabilized industrial flex assets.
All figures shown are targets only and are not guaranteed. Actual results may differ materially. Past performance is not indicative of future results. All investments involve risk, including the potential loss of principal.
Fund Structure
Return of Capital
100%100% to LPs first
7% Preferred Return
7%Paid to LPs before any GP participation
80/20 Split
80/20LP/GP split on all proceeds thereafter
Pipeline Deal Examples
Illustrative examples of the types of acquisition targets the Fund seeks. These are representative of our investment criteria and do not constitute current or pending transactions.
5704 N County Rd
Midland, TXAsset maintenance, construction, and contracting for energy, chemical, manufacturing, and industrial sectors. Owned by American Industrial Partners ($16B+ AUM).
5130 River Valley Rd
Milford, OHElectrified powertrain solutions for Class 8 commercial trucks, transforming commercial transportation at scale.
2105 Lucas Rd
Weatherford, TXWorld-class manufacturer and wholesaler of home fashion products, family-owned with 30+ years in business.
Investor Protections
We proactively identify key risks and structure the fund to target favorable after-tax investor returns.
| Risk | Mitigation |
|---|---|
| Vacancy | AI Broker Network + sticky tenants |
| Market Liquidity | Diversified across 6–8 metros |
| Interest Rates | Fixed debt for 5–10 years |
| Tenant Default | Personal guarantees + reserves |
Cost Segregation
HighAccelerated depreciation reduces taxable income in early years.
Pass-Through K-1
HighNo entity-level tax; direct flow to investors.
1031 / UPREIT
MedDefer capital gains and depreciation recapture.
Return of Capital
MedPortion of distributions tax-deferred until exit.
Tax benefits described are general in nature and may vary based on individual circumstances. Investors should consult their own tax, legal, and financial advisors before making any investment decision.
The Team
Batuhan Zadeh
Managing PartnerFounder of Marmot Properties with 15+ years of experience in real estate development, value-add repositioning, and syndications. Has led over $150M in transactions across multifamily, commercial, and mixed-use projects. Deep expertise in sourcing, structuring, and asset management.
Joseph Nalley
Chief Financial OfficerFinance professional with leadership roles at Starbucks and Panasonic. Brings extensive experience in corporate finance, capital allocation, and financial planning. Oversees fund-level reporting, investor relations, and compliance with institutional best practices.
Tristen Houston
Chief Operating OfficerBroad experience in both B2B and B2C environments. Skilled in production and operational processes that drive measurable results. Background includes leasing, operations, and building high-performance teams. Focuses on aligning strategy with execution while fostering a culture of efficiency and growth.
Your Path to Industrial Income
From review to first distribution — a streamlined process built on transparency and institutional best practices.
How to Invest
This offering is made pursuant to Rule 506(c) of Regulation D and is available exclusively to verified accredited investors as defined under Rule 501(a). All investors must complete third-party accredited investor verification prior to acceptance. The information below describes the general investment process.
| Key Terms | ||
|---|---|---|
| Minimum Investment | $250,000 | |
| Fund Life | 5–7 Years5-year term + two 1-year extensions | |
| Commitment Period | 3–6 MonthsCapital drawn as deals close | |
| Distributions | QuarterlyNet cash flow paid quarterly | |
| Preferred Return | 7%Paid before GP participation | |
| LP/GP Split | 80/20After preferred return hurdle | |
Review Offering Materials
Read the PPM and Operating Agreement provided in your investor portal.
Verify Accredited Status
Complete third-party accredited investor verification as required under Rule 506(c).
Execute Subscription Agreement
Complete your commitment securely through Juniper Square.
Fund Initial Capital Call
Wire funds upon receiving the first capital call notice.
Begin Distributions & Reporting
Receive quarterly updates, K-1 tax documents, and cash distributions.
Where Wealth Comes
to Grow
Our experience and proprietary technology help us identify compelling opportunities — from sourcing through management, we control the value chain.
Start with a conversation. We'll walk you through the fund, the pipeline, and what a partnership looks like.
This offering is made pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933 and is available only to verified accredited investors as defined in Rule 501(a). All investors must complete accredited investor verification prior to investment. All investments involve risk, including the potential loss of principal.