
Rockdale Logistics Park
Atlanta, GA
89,348 sm
On behalf of ownership, Jones Lang LaSalle Americas is exclusively marketing for sale the Central Florida Growth Portfolio (the “Portfolio”), an 8-building, 658,802 square foot Class A logistics and distribution portfolio located in the fundamentally-robust, high growth Central Florida metro areas of Orlando and Tampa. The Portfolio is currently 100% leased with 3.6 years of WALT, providing immediate cash flow secured by investment grade tenancy with future value creation opportunity through the mark-to-market of in-place rents 14.5% below market. All Fair Market Value (FMV) renewal options and an advantageous rollover schedule that accesses over 80% of the Portfolio in the first five (5) years provide a clear runway to quickly expand NOI.
The offering’s balanced distribution between Orlando (60% of NOI) and Tampa (40% of NOI) positions the Central Florida Growth Portfolio to benefit from the extraordinary long-term growth of the key markets. Critical infill distribution locations and access to transportation corridors including I-4, I-75, I-95 as well as major international airports in Orlando (MCO) and Tampa (TPA) afford connectivity to consumers across Florida and the Eastern Seaboard.
Overall, Central Florida Growth Portfolio offers investors the opportunity to acquire an institutional-grade Class A logistics portfolio providing stable, in-place cash flow with future upside in a strategic concentration in two major Florida growth markets.
RARE MULTI-MARKET INFILL OPPORTUNITY
• Opportunity to acquire critical mass of infill Class A logistics product in key Central Florida markets of Orlando and Tampa
• Irreplaceable locations, diversified tenancy and mix of single- and multi-tenant product mitigates risk to broader market fluctuations
SECURE, IN-PLACE CASH FLOW WITH FUTURE UPSIDE
• 100% leased to multiple tenants including creditworthy users such as Home Depot (NYSE: HD; S&P: A) and DHL Express (Parent: Deutsche Post AG; XETR: DHL; Fitch: A-)
• Ability to quickly expand NOI with 3.6 years of WALT and 14.5% below market rents as well as all Fair Market Value (FMV) renewal options
• Attractive rollover profile with ability to access over 80% of the total square footage of the portfolio in the first five (5) years
HIGHLY FUNCTIONAL LOGISTICS ASSETS WITH SINGLE- AND MULTI-TENANT DESIGN
• The Portfolio comprises eight (8) Class A concrete tilt-wall logistics and distribution assets with a 2020 average vintage and an efficient 5.7% average office finish
• A total of 15 suites ranging from 9,750 – 181,281 square feet (average of 43,920 square feet) presents a unique diversity in user functionality and offers long-term single- and multi-tenant leasing support
• Assets provide a mix of front-, side- and rear-load configuratio ns, 31’ average clear heights, ESFR fire suppression and LED lighting