Tampa Infill Growth Portfolio

Jones Lang LaSalle (“JLL”) has been exclusively retained to market for sale the fee simple interest of Tampa Infill Growth Portfolio—a portfolio of two light industrial business parks spanning five assets totaling 396,146 SF, within the East Side submarket of the Tampa MSA. The properties are 78% leased to a diverse roster of nine tenants, with no single tenant accounting for more than 20% of the total square footage, and offer an average remaining lease term of 3.0 years. Supported by landlord-favorable NNN lease structures and average annual escalations of 5.2%, the portfolio is projected to achieve 12% NOI CAGR over the first five years of ownership.

The portfolio presents significant value-add potential through continued lease-up and a 28% mark-to-market opportunity. The short WALT enables rapid repositioning in a market experiencing strong rent growth and capital appreciation due to high barriers to entry. With immediate access to major transportation routes including I-275, U.S. 19, and U.S. 92, the portfolio provides exceptional last-mile logistics reach to over 4.9 million people within 60 minutes and is less than 40 minutes from all critical Tampa logistics hubs—two airports, two seaports, and a CSX rail connection.

This offering provides investors a rare opportunity to establish scale in a flexible, diversified light industrial campus in Florida’s most supply-constrained market at an attractive basis—over 45% below replacement cost and 85% below recent comparable sales—while capturing immediate upside from exceptional market rent appreciation and a lack of new competitive supply.