
Millstone 8 Logistics Park (Building 2)
33 Millstone Road, Millstone, NJ, 08535, US
220,695 平方呎
JLL is pleased to present for sale the Philadelphia Metro Value-Add Industrial Portfolio. The Portfolio consists of seven distribution facilities totaling 930,331 SF and presents an investor with the opportunity to acquire a critical mass of in-fill industrial product in well located pockets of Suburban Philadelphia.
The Portfolio is 100% leased to a diverse tenant roster with 3.12 years of weighted average remaining lease term. In-place rents are currently 21.9% below market and the tenants have an average tenure of 25.6 years, offering stable cash flow with the opportunity to capitalize on a captured tenant base rolling to market. 59% of the portfolio rolls to market within the first 3 years, providing the ability to achieve a significant portion of the mark-to-market in the near term.
The Portfolio is situated within the seventh largest MSA in the United States, offering immediate access to the significant population centers of Urban & Suburban Philadelphia, Southern New Jersey and Delaware within a one-hour drive.
VALUE-ADD INDUSTRIAL INVESTMENT OPPORTUNITY
URBAN IN-FILL LOCATIONS WITHIN MASTER PLANNED INDUSTRIAL PARKS
100% LEASED WITH NEAR TERM ROLL OVER & 22% BELOW MARKET RENTS
DIVERSIFIED TENANT ROSTER WITH AVG. TENURE OF 26 YEARS


