Princeton Oaks

Jones Lang LaSalle ("JLL") is pleased to exclusively offer the opportunity to acquire Phase I of Princeton Oaks (the "Property") —one of Orlando's premier master-planned infill business parks. The offering consists of five best-in-class, multi-tenant industrial buildings totaling 513,560 square feet that are currently 100% leased to a roster of high-profile tenants. Strategically situated in the Northwest Orange County submarket, the Property is only minutes west of downtown Orlando and strategically positioned to access the region's major highway systems.

The park has already attracted major corporate users such as Red Bull, Ferguson, Kyocera, House of Spice and Trane Technologies, amongst others, and currently boasts 100% occupancy due to its state-of-the-art design specifications and strategic location proximate to major roadways and demand drivers. The Property features 15 tenants with an average size of 34,237 square feet, targeting the highest demand users for industrial spaces in the Orlando market.

With less than four years of WALT remaining, a new owner has the opportunity to capitalize on roughly 70% mark-to-market potential with 45% of leases expiring in the first three years. As a result, net operating income is forecasted to grow by 57% over the first five years alone. Orlando has been the top performing industrial market in the US in terms of rent growth since 2020 and Princeton Oaks is set to capitalize on this momentum due to its broad appeal, ideal tenant sizes catering to the deepest pool of inelastic users, and leases that are vastly below current rates with limited remaining term.