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Broward Infill Industrial Portfolio

Broward Infill Industrial Portfolio_Pand te koop

Attributen

Netto gebouwoppervlakte
24.566 vierkante meter
Netto landoppervlakte
7,47 ha
Aantal eenheden
8 eenheden
Bezetting
86%
WAULT
2.9 jaren

Portefeuille beschrijving

Jones Lang LaSalle, Inc. (“JLL”) has been exclusively retained to offer prospective investors the opportunity to acquire the Broward County Infill Industrial Portfolio totaling 264,429 SF. The Portfolio consists of 8 buildings across four separate light industrial properties that are currently 86% leased. A new investor can immediately build critical mass in one of the country’s top industrial markets with the acquisition of this infill portfolio. 


The Portfolio is centrally located within Broward County and features exceptional connectivity to South Florida’s densest population nodes and key logistical infrastructure including the region’s major highways, airports, and ports. Broward County has been one of the country’s top-performing industrial markets in the country and enjoys current vacancy rates of 3.4% with rents growing 69% over the last 5 years.

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Investeringshoogtepunten

Rare portfolio offering critical mass with substantial upside in nation’s top industrial market for rent growth - Broward County, FL

  • Portfolio offering of 264,429 SF within four properties with a total of 8 buildings on 18.5 acres
  • Properties diversified by building type, bay sizes and submarkets, offering a new owner of wide breadth of options for space occupiers


Compelling value proposition offered at an attractive acquisition basis that is well below replacement cost

  • Industrial land prices in this high-barrier market are estimated at $130/SF
  • As such, all-in replacement cost for competitive product can easily exceed $270/SF


Short-term WALT of ±2.9 years provides ability to quickly recapture rent growth from existing leases that are 21% below market rates

  • On average 56% premium on recent leases executed across the Portfolio in 2023
  • 26.9% of the tenant roster expires over the first two years
Broward Infill Industrial Portfolio 4_Pand te koop
Broward Infill Industrial Portfolio 4_Pand te koop
Broward Infill Industrial Portfolio (4 Eigendommen)
Broward Infill Industrial Portfolio (4 Eigendommen)

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Laatst bijgewerkt
May 16, 2024