Listed by JLL Miami | Brickell Avenue, DELETE
Unpriced
Sawgrass Distribution Center
Details
Property Type Industrial
Sub Type Distribution, Flex
Net Rentable (SqFt) 131,800
Occupancy 100%
Tenancy Multi
Class A
Year Built 1989
Year Renovated 2020
Acreage 9.000
Investment Type Core+
Industrial
Marketing description
- Execute CA/Access Deal Room --> https://invest.jll.com/listings/industrial-logistics/sawgrass-distribution-center/deal-room
SAWGRASS DISTRIBUTION CENTER OFFERS A RARE OPPORTUNITY TO ACQUIRE AN EXCEPTIONALLY WELL-LOCATED PROPERTY IN ONE OF THE US' BEST PERFORMING COASTAL MARKETS WITH STRONG CURRENT INCOME AND POTENTIAL FOR SUBSTANTIAL VALUE CREATION FROM MARK-TO-MARKET AND CONTINUED RENT APPRECIATION IN THE STATE'S MOST SUPPLY-CONSTRAINED MARKET.
Investment highlights
- INSTITUTIONALLY MAINTAINED CLASS A LIGHT INDUSTRIAL LOCATED WITHIN WEST BROWARD’S PREMIER BUSINESS PARK – SUNRISE INTERNATIONAL CORPORATE PARK
- STRONG IN-PLACE CASH FLOW PROVIDED FROM STICKY TENANT BASE WITH IMMEDIATE UPSIDE
- TREMENDOUS MARK TO MARKET OPPORTUNITY WITH AVERAGE IN-PLACE RENTS 22% BELOW MARKET
- MISSION CRITICAL, HIGHLY SPECIALIZED MULTI-TENANT INDUSTRIAL FACILITY
- STAGGERED ROLLOVER OF LEASES PROVIDES AVENUE FOR ACCELERATED RENT GROWTH
- DIVERSIFIED TENANT BASE ACROSS KEY INDUSTRIES THAT PROVIDE DOWNSIDE PROTECTION
Listing Contacts
Listed by JLL Miami | Brickell Avenue, DELETE
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