Park Central Light-Industrial

OPPORTUNITY TO ACQUIRE A 95% LEASED LIGHT-INDUSTRIAL PARK WITH UPSIDE IN SOUTH FLORIDA

1. Opportunity to acquire a highly functional and versatile infill, last-mile, light industrial park in Broward County, FL, one of the highest occupied (96% 5-year historical occupancy) and most supply-constrained industrial markets in the nation.

STRONG, PROVEN IN-PLACE CASH FLOW WITH NEAR-TERM UPSIDE POTENTIAL

1. 95% leased with strong in-place NOI and 4% average annual escalations.
2. 16 tenants with a 94% average historical occupancy since 2023.
3. Proven MTM with nearly no concessions or downtime on the past six leasing transactions (averaging, 7% mark-up over prior leases, $0 PSF TI, 1 month free rent, 2 months downtime).
4. Actionable 2.2-year WALT (67% of the NRA rolls by Year 4) with 13% un-trended MTM potential.
5. 48% 6-Year and 70% 10-Year NOI growth potential.

ATTRACTIVE VALUE PROPOSITION POISED FOR LONG-TERM SUCCESS

1. Attractive acquisition basis below recent market trades ($290+ PSF) and at a discount to replacement cost ($375+ PSF) making this a prime opportunity to enter into or expand within South Florida.
2. Current/previous ownership and the park's largest tenant have invested over $3M of capital into the Property.

HIGHLY-FUNCTIONAL AND VERSATILE LIGHT-INDUSTRIAL DESIGN SPECIFICATIONS

1. Rear-load facilities with 32 total loading doors (31% dock-high), 112’-122’ building depths, and an ample 3.2/1K SF parking ratio.
2. 16’-20’ clear heights, dedicated air-conditioned warehouses (45% of the NRA), and 2,400 Amps of power per building.
3. Average suite size of 6K SF with spaces ranging from 2K-29K SF, which is the market’s fastest-growing and highest velocity market segment.

CORE LOCATION WITH EXCELLENT TRANSPORTATION DYNAMICS PROVIDING ACCESS TO THE ENTIRE MSA WITHIN A 90-MINUTE DRIVE.

1. Park Central is a bullseye South Florida location strategically positioned to access the entire MSA (6.7M+ population) and all key demand drivers in under 90-minutes.