Case Study
656 Interstate Drive
"A 250,000 SF building that had been dark for a year and a half. We saw a property that needed real work — and a market that needed the space."
When we acquired 656 Interstate Drive in Crossville, Tennessee, the building had been vacant for 18 months. At a quarter million square feet, it was a significant asset sitting idle — accumulating deferred maintenance, deteriorating infrastructure, and the kind of neglect that compounds over time.
Crossville sits along Interstate 40 in the Cumberland Plateau — a practical, well-positioned industrial market with access to major distribution corridors across Tennessee and the broader Southeast. The fundamentals were there. The building just needed someone willing to do the work.
At a Glance
250,000
Square feet
18
Months vacant at acquisition
Single Tenant
Third-party logistics (3PL)
Fully Stabilized
The Challenge
18 months of vacancy doesn't fix itself
Extended vacancy is corrosive. Systems that aren't maintained degrade. Roofs that aren't monitored leak. Security lapses. By the time we acquired 656 Interstate Drive, the building required a comprehensive scope of work before any tenant could realistically occupy it.
The scale of the building — 250,000 SF — meant that every line item was significant. Roof repairs, structural work, fire suppression, water systems, site security: each one a real project in its own right. The question wasn't whether the work was worth doing. It was whether we could execute it efficiently and bring the right tenant to the table.
The Work
What we did to bring it back
Structural Repairs
After 18 months of vacancy, the building had accumulated significant deferred maintenance. We completed a thorough structural assessment and addressed critical deficiencies to bring the facility back to a safe, functional standard.
Large-Scale Roof Replacement
A major portion of the roof required replacement — one of the most consequential repairs for a building of this size. We completed the work prior to tenant occupancy, protecting the asset and giving the tenant confidence in the building envelope.
Site Security & Fencing
The premises were fully fenced to secure the site, protect tenant operations, and meet the security requirements of a logistics facility handling third-party inventory.
Fire & Water Infrastructure
The fire suppression and water systems had deteriorated during the vacancy period. We restabilized both systems to bring the building into compliance and ensure the tenant could operate safely from day one.
Custom Tenant Improvement Plan
Rather than applying a generic buildout, we worked directly with the tenant to understand their 3PL operations — how they receive, store, and ship inventory — and designed an improvement plan around those specific needs. The goal was a facility that works for them now and scales with them over time.
The Outcome
A building back in service. A tenant built to stay.
The building is now fully stabilized with a single third-party logistics tenant. The 3PL operator uses the facility to receive, store, and distribute inventory — exactly the kind of active, long-term industrial use the building was built for.
Because we took the time to understand how the tenant actually operates, the improvement plan we built together isn't just adequate — it's right for them. That means less friction, fewer surprises, and a tenant relationship built on a foundation of trust and practical problem-solving.
- 250,000 SF returned to productive use
- 18-month vacancy eliminated
- Structural and envelope repairs completed
- Fire and water systems fully restabilized
- Site secured and fenced
- Custom TI plan designed around tenant operations
- Single 3PL tenant, fully stabilized
- Long-term portfolio hold
"We're not in the business of quick fixes. We buy properties that need real work, do that work properly, and hold them for the long run."
— Kinser Creek Capital
Property Owners & Brokers
Have a property that could be a fit?
We are always looking for the next opportunity. If you own or represent an industrial asset in the Southeast, we'd welcome a conversation.