4925 Bulls Bay Hwy
4925 Bulls Bay Highway, Jacksonville, FL, 32219, US
18 433 mètres carrés
Description de l'actif
JLL is pleased to exclusively offer the opportunity to acquire Interstate Commerce Center (the “Property”), a Class A industrial facility totaling 211,547 square feet in Fort Pierce, FL. The Property is strategically situated within less than 1 mile from both Florida’s Turnpike and I-95, providing unparalleled accessibility to over 8.8 million consumers within a 2 hour drive and 1,300 feet of direct I-95 frontage with over 76,000 vehicles per day.
The Property’s state of the art design specifications and convenient location have led to strong leasing performance as evidenced by the property’s 100% occupancy. The 211,547 SF Property features 5 bays averaging 42,309 SF, catering to the deepest pool of tenant demand in the greater Treasure Coast market. Tenants at the property include a diversified roster of national and regional tenants who can conveniently service the rapidly growing and equidistant South and Central Florida populations from this location at a fraction of the cost.
Interstate Commerce Center offers a coveted opportunity to acquire an exceptionally well-located, Class A multi-tenant industrial asset in one of the state’s best performing markets with strong current income and potential for substantial value creation from continued rent appreciation.
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Attributs
Superficie du bâtiment nette
19 653 mètres carrés
Superficie du terrain brute
5,14 ha
Locataires
5
Occupation
100 %
VALSE
5.94 années
Année de construction
2023
Hauteur claire
9,75 m
Média
Points forts de l'investissement
Core plus offering fully occupied by an impressive roster of national and regional tenants with just under 6 Years of WALT.
- Town & Country - Owned by ABC Supply, a 20,000 employee company with $20.4B of annual sales and BB+ Credit rating S&P credit rating
- Heritage - Acquired by Artisan Design Group who had 2024 fiscal revenue of $1.8B and acquired by Lowe’s in April 2025 for $1.3B.
- Cameron Ashley – leading distributor of building product with an extensive network of 60 distribution centers
- Rainforest Distribution - serves more than 4,000 retailers in 22 states
- Next Plumbing Supply - one of the leading independent plumbing supply distributors in the State of Florida
Attractive acquisition basis below both recent Class A, multi-tenant trades and replacement cost (+$210 PSF) provides long-term competitive advantage to a new owner and an attractive value proposition relative to other South Florida markets.
Stable cash flow given 100% occupancy with upside via mark-to-market upon rollover and 26% NOI growth projected through 2033.
- Varied rollover with no single tenant representing more than 30% of the rent roll
The property's nine storefront entrances create enhanced leasing flexibility with suites that can be demised to as small as 20K SF, which provides opportunities to command premium rental rates, diversify tenant mix, and achieve competitive market differentiation.
Massive tenant rent saving to similar size spaces in South FL averaging $18-$20 PSF NNN.
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Interstate Commerce Center (0 Propriétés)
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Dernière mise à jour
11 juin 2025
