Description

JLL is pleased to present for sale Crossroads Industrial East & West. The Portfolio consists of seven shallow bay / light industrial logistics and distribution facilities totaling 330,859 SF and presents an investor with the opportunity to acquire a critical mass of in-fill industrial product at Exit 8A of the New Jersey Turnpike.

The Portfolio is 84% leased to a diversified tenant roster with 2.67 years of weighted average remaining lease term. In-place rents are 12.3% below market and the tenants have an average tenure of 17.9 years. 62% of the portfolio rolls to market within the first 3 years of an investors hold period, providing the ability to lease-up the existing vacancy and achieve a significant portion of the mark-to-market in the near term.

The Portfolio benefits from an advantageous design profile with 22’ clear heights, ample loading ratio of 1 door per 4,938 SF and appropriate 13% average office finish. With an average building size of just 47,266 SF and a total of 25 suites, the Portfolio exemplifies ideal multi-tenant functionality.

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