Central Florida Growth Portfolio
12310 62nd Street North, Largo, FL, 33773, US
658,802 sf
Asset Description
JLL is pleased to present for sale 11601 Roosevelt Boulevard located in Philadelphia, Pennsylvania. The Property is a 465,405 square foot Class A cross-dock distribution facility situated on 24 acres. 11601 Roosevelt Boulevard is located northeast of Center City Philadelphia, just 4 miles off of I-95 (Delaware Expressway) and presents the opportunity to acquire a newly constructed, fully leased industrial facility situated in an irreplaceable urban infill location.
The Property is fully leased to KLS Logistics, an affiliate of leading contract logistics company DHL (US OTC: DPSGY / Fitch: A-), on behalf of the Pennsylvania Liquor Control board, with 5.00 years of remaining term and in-place rent that is 54.1% below market. The Property underwent extensive tenant investment during construction and serves as DHL’s 3rd largest retail operation, servicing two-thirds of the state of Pennsylvania.
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Attributes
Building area net
465,405 sf
Year built
2020
Clear height
36 ft
Occupancy
100%
Remaining lease term
5 years
Tenant credit rating
A
Media
Investment Highlights
- PHILADELPHIA I-95 CORRIDOR INDUSTRIAL INVESTMENT OPPORTUNITY
- 54% BELOW MARKET RENT WITH 5.00 YEARS OF TERM
- INVESTMENT GRADE TENANT WITH MISSION CRITICAL OPERATION
- NEW GENERATION, CLASS A CROSS-DOCK DISTRIBUTION FACILITY
- PRICING BELOW REPLACEMENT COST
- PREMIER INFILL LOCATION WITH STRONG LOGISTICS CONNECTIVITY
Contact brokers
11601 Roosevelt Boulevard (0 Properties)
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Last updated
18 Jun 2025
