300 INTERNATIONAL PKWY Sunrise FL 33325-6240

Cushman & Wakefield of Florida, Inc., is pleased to offer for sale Hydraulic Supply Headquarters (“Property”), located in the renowned Sawgrass International Corporate Park. The Property is 100% occupied by Hydraulic Supply Company and is leased through September 2028 to its parent company, Motion Industries, Inc., a leading industrial parts distributor with annual sales of $6.3B. Motion Industries, Inc., is a subsidiary of Genuine Parts Company (NYSE: GPC), a global parts distribution company with sales of over $18.7B in 2018. This location serves as Hydraulic Supply’s corporate headquarters and primary distribution hub for their 24 retail locations located throughout the Southeastern US and Latin America.

The first phase of the Property was constructed as a build-to-suit in 1996 to serve as Hydraulic Supply’s corporate headquarters and primary distribution point, featuring 14,000 SF for corporate offices and 26,000 SF of warehouse space for distribution. The second phase of the Property was added in 2008 to accommodate the company’s incredible growth and consisted of an 18,961 SF contiguous distribution warehouse, bringing the total SF of the Property to 58,961 SF. For over twenty years this location has served as the headquarters for the company and is mission-critical to their international distribution network. After being owner-occupied by Hydraulic Supply Company until 2018, a new ten-year, net-lease was structured which provides no termination options, cementing the tenant’s commitment to this location.

The Property’s central location in Broward County, immediate access to major highway systems (I-595/I-75/Sawgrass Expressway), and frontage along the Sawgrass Expressway (100,000 VPD), makes the Property irreplaceable across an ever-tightening industrial market. This premier South Florida location has attracted institutional owners like Prologis, GLP, Cabot Properties & Clarion Partners and blue-chip tenants like Amazon, Cardinal Health, Convey Health Solutions and Pet Supermarket.

From October 2018 through the end of the current lease term, an investor will enjoy an average annual NOI of $504,283, or a total of approximately $4.8M over the next ten years. Given the tenant’s long history at this location, backed by a credit-worthy entity and no possibility of early termination, the Property represents a sound investment with stable cash flows and minimal management effort.

Quality Industrial Asset

• Ideal distribution property offering 22’ clear tilt wall construction, six dock-high doors, one van-height and one grade level-door
• Impact windows and doors throughout offer superior storm protection

High Caliber Tenancy

• Hydraulic Supply’s parent company, Motion Industries, Inc., represents annual sales of $6.3B and serves more than 150,000 customers in North America
• Motion Industries is a subsidiary of Genuine Parts Company, which finished 2018 with $18.7 B in sales, up 15% year over year

Landlord-Friendly Lease Structure

• The net structure of the lease shifts the liability of operating expense increases firmly to the tenant, providing security of cash flows to the Landlord
• Tenant maintains and deals with vendors directly, relieving landlord of day-to-day operations
• New ownership will benefit from the excellent condition of the Property and should require very little capital expenditure over the term of the lease

Strong Market Fundamentals

• Broward County is one of the strongest industrial markets in the country, as evidenced by the stunningly low 3.2% vacancy rate across 88M SF of industrial space.

Irreplaceable Location

• Located in the heart of the West Sunrise industrial submarket, The Property offers a superior in-fill location off of the Sawgrass Expressway and is strategically located immediately west of Port Everglades which Hydraulic Supply utilizes for shipping its inventory.