Sawgrass Distribution Center
770 International Pkwy, Sunrise, FL, 33325, US
12 245 mètres carrés
Descriptif
JLL has been exclusively retained to market for sale the Miami Turnpike Industrial Portfolio – a 100% leased, 218,621 SF last-mile logistics portfolio strategically positioned along Florida’s Turnpike and the Don Shula Expressway in the high-barrier South Dade submarket of Miami, Florida. The Portfolio benefits from proximity to key logistics infrastructure such as Miami International Airport, PortMiami, and Tamiami Airport.
The Portfolio is 100% leased to nine national and regional tenants with an average tenure of 10.5 years and strong historical occupancy. The portfolio’s longstanding success is underpinned by its above-market building specifications including 1,145 linear feet of highway frontage, 14,400A 120/208V-277/480V 3-phase heavy power, 18’-25’ clear heights, four-sided loading capabilities, 100% dock-high loading, 67% climate-controlled space, versatile bays ranging from 4K-29K SF, and former rail-service with reactivation optionality. The Property is one of only few institutional-quality assets in the submarket offering above-market specifications and differentiated product.
The Portfolio features a 2.6 year weighted average lease term and a 31%+ un-trended mark-to-market opportunity. Additional value add opportunities include: conversion to NNN lease structures, monetization of the ±1.4 acres of outdoor storage/expansion space, installation of billboard signage (±$10K estimated monthly revenue) and potential Shallow-Bay condo conversion ($400+ PSF), providing multiple pathways to strong NOI growth and exit strategy optionality.
The Portfolio benefits from a strategic location in the heart of Southwest Dade, Miami’s tightest industrial market, posting the MSA’s lowest vacancy rate at 2.1% and sustaining sub-3% vacancy for over a decade. Future rent growth is protected by severe supply constraints which position existing assets in the submarket for long-term rent growth and capital appreciation. The Portfolio is also expected to benefit from the Don Shula Expressway (SR 874) extension and on-ramp improvements, which will enhance accessibility to I-75, I-95, and the broader South Florida logistics network while reducing congestion and drive times.
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Attributs
Nombre de bâtiments
2
Superficie du bâtiment nette
20 311 mètres carrés
Land Area
11.7 Acres
Occupation
100 %
VALSE
2.6 années
Mark-to-Market
31%+
5-Year NOI Growth
49%
NRA Backed by IG Credit
18%
Development Parcel
0.8 Acres
Média
Points forts de l'investissement
UNIQUE PORTFOLIO COMPOSITION ACQUISITION AND EXIT STRATEGY OPTIONALITY
- The Seller is open to receiving offers on the entire portfolio or individual components:
- Shallow-Bay – A 64,048 SF shallow-bay industrial asset, 100% leased to 4 tenants with 1.7 years WALT, and 17% MTM.
- Industrial Center – A 154,573 SF light industrial asset, 100% leased to 5 tenants with 3.0 years WALT, and 40% MTM.
- Self-Storage Development Site – A 0.8-acre site which can be developed to a self-storage facility or leased as industrial outdoor storage space.
ATTRACTIVE VALUE PROPOSITION POISED FOR LONG-TERM SUCCESS WITH STRONG, PROVEN CASH FLOW
- Offered at a significant discount to recent South Florida sales comparables ($395+ PSF) and replacement cost ($300+ PSF).
- 100% leased with actionable 2.6-year WALT and 3.5% weighted average annual rent escalations.
- Average tenure of 10.5 years across 9 tenants with strong historical occupancy.
SUBSTANTIAL VALUE-ADD OPPORTUNITY WITH MULTIPLE PATHWAYS TO INCREASE NET OPERATING INCOME
- 31%+ un-trended MTM opportunity with 67% of the NRA rolling by the end of year 3 of the projection allowing for near-term value creation.
- Ability to transition existing or new tenants to a NNN lease structure reduces landlord responsibility and unlocks 49% 5-Year and 86% 10-Year NOI growth.
INSTITUTIONAL-QUALITY SPECIFICATIONS WITH RARE & VERSATILE ABOVE-MARKET IMPROVEMENTS PROVIDE DIFFERENTIATION FROM THE COMPETITVE SET
- Light-industrial/shallow-bay product with 100% dock-high loading (1.2 per 10K SF) and 18’-25’ clear heights.
- Diverse bay sizes ranging from 4K SF to 29K SF with four-sided loading,
- Average bay size of 12K SF caters to the market’s fastest-growing and highest-velocity user segment while commanding premium rental rates.
STRATEGIC INFILL MIAMI LOCATION PRIMED FOR LAST-MILE SFL LOGISTICS WITH FLORIDA’S TURNPIKE FRONTAGE & QUICK ACCESS TO KEY LOGISTICS INFRASTRUCTURE
- 1,145 linear feet of Don Shula Expwy/Florida Turnpike frontage with direct access and enhanced infrastructure.
EXTREME HIGH BARRIERS TO ENTRY WILL CONTINUE TO DRIVE RENT GROWTH AND CAPITAL APPRECIATION
- SW Dade is one of the premier and highest barriers-to-entry industrial pockets in South Florida evident by a tight 2.1% vacancy rate (540 BPS lower than the overall MSA), ZERO product under construction, and only 217K SF delivered since 2021.
Contactez les courtiers
Miami Turnpike Industrial Portfolio (0 Propriétés)
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Dernière mise à jour
23 mars 2026
