Millstone 8 Logistics Park (Building 2)
33 Millstone Road, Millstone, NJ, 08535, US
220,695 sf
Description
JLL is pleased to present for sale the Philadelphia Metro Value-Add Industrial Portfolio. The Portfolio consists of seven distribution facilities totaling 930,331 SF and presents an investor with the opportunity to acquire a critical mass of in-fill industrial product in well located pockets of Suburban Philadelphia.
The Portfolio is 100% leased to a diverse tenant roster with 3.12 years of weighted average remaining lease term. In-place rents are currently 21.9% below market and the tenants have an average tenure of 25.6 years, offering stable cash flow with the opportunity to capitalize on a captured tenant base rolling to market. 59% of the portfolio rolls to market within the first 3 years, providing the ability to achieve a significant portion of the mark-to-market in the near term.
The Portfolio is situated within the seventh largest MSA in the United States, offering immediate access to the significant population centers of Urban & Suburban Philadelphia, Southern New Jersey and Delaware within a one-hour drive.
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Attributes
Building area net
930,331 sf
Occupancy
100%
Number of buildings
7
Avg. Tenant Tenure
25.6 Years
Weighted Avg. Lease Term
3.1 Years
% Below Market
(21.93%)
Investment strategy
Value Add
Philadelphia Metro Value-Add Industrial Portfolio (7 Properties)
Philadelphia Metro Value-Add Industrial Portfolio (7 Properties)
Media
Investment Highlights
VALUE-ADD INDUSTRIAL INVESTMENT OPPORTUNITY
URBAN IN-FILL LOCATIONS WITHIN MASTER PLANNED INDUSTRIAL PARKS
100% LEASED WITH NEAR TERM ROLL OVER & 22% BELOW MARKET RENTS
DIVERSIFIED TENANT ROSTER WITH AVG. TENURE OF 26 YEARS
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
13 Jan 2026
