STAR Industrial

Attractive Value Proposition & Acquisition Basis

1. Offered at an attractive acquisition basis with a 40%+ discount to replacement cost ($160+ PSF excluding land) and recent comparable Central Florida transactions ($168+ PSF) providing a long-term competitive advantage for new ownership.

Strong & Stable In-Place Cash Flow with Immediate Value-Add Potential

1. 15% MTM paired with 2.5-year WALT allows new ownership to unlock significant value quickly.
2. 86% 5-year NOI growth & 132% 10-year NOI growth.

Ability to Scale in the Highest Barrier to Entry Market in FL

1. Totaling 174,373 SF, Tampa STAR offers a rare opportunity to assemble a diverse light industrial campus in one of the best-performing and highest barriers to entry markets in the country.
2. STAR Industrial’s versatile campus environment provides the perfect opportunity for new capital or existing owners to increase operational efficiency and tenant/product diversification for their FL portfolio.

Strategic Location in Florida’s Most Densely Populated County Provides Unparalleled Last-Mile Logistics Capabilities

1. The Property is less than 40 minutes from all major Tampa MSA logistics infrastructure including St. Pete- Clearwater International Airport, Tampa International Airport, Port of St. Petersburg, and Port of Tampa Bay via major transportation arteries: I-275, U.S. 19, and U.S. 92.
2. Tampa STAR’s strategic location within the state’s most densely populated county by over 2X (3,500+ people per square mile) provides unparalleled last-mile distribution capabilities and access to 4.9M+ people and the entirety of the Tampa MSA in under 90 minutes.

Rapid but Sustainable Growth in One of Tampa’s Best Performing Submarkets

1. South Pinellas performance throughout the same period is even more impressive with over 119% industrial rent growth (17% CAGR) and an average rent of $12.88 PSF NNN which is over 23% higher than the broader MSA average.
2. South Pinellas is one of the most land and supply constrained submarkets in the nation evident by ZERO product under construction, ZERO deliveries since 2022, and only 114K SF delivered over the past 10 years.
3. The Young-Rainey STAR Center directly across the street is slated for redevelopment, will serve as a major catalyst for the pocket, and will add tremendous value to STAR Industrial.