North 40
Boca Raton, FL, US, Americas
33,004 sm
Jones Lang LaSalle, Inc. (“JLL”) has been exclusively retained to offer prospective investors the opportunity to acquire the Broward County Infill Industrial Portfolio totaling 264,429 SF. The Portfolio consists of 8 buildings across four separate light industrial properties that are currently 86% leased. A new investor can immediately build critical mass in one of the country’s top industrial markets with the acquisition of this infill portfolio.
The Portfolio is centrally located within Broward County and features exceptional connectivity to South Florida’s densest population nodes and key logistical infrastructure including the region’s major highways, airports, and ports. Broward County has been one of the country’s top-performing industrial markets in the country and enjoys current vacancy rates of 3.4% with rents growing 69% over the last 5 years.
Rare portfolio offering critical mass with substantial upside in nation’s top industrial market for rent growth - Broward County, FL
Compelling value proposition offered at an attractive acquisition basis that is well below replacement cost
Short-term WALT of ±2.9 years provides ability to quickly recapture rent growth from existing leases that are 21% below market rates