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2281 Griffin RdFort Lauderdale, FL 33312
Griffin Pointe
Asset ClassIndustrial
A 180,538 Square-Foot, Class A, Single-Tenant Industrial Building
overview of deal

Overview

Cushman & Wakefield of Florida, LLC has been retained as the exclusive advisor to present the opportunity to acquire Griffin Pointe, a ±180,538 square foot, Class A, single-tenant industrial building constructed in 2018 and located at 2281 Griffin Road in Fort Lauderdale, Florida. The Property is 100% occupied and serves as QMED Corporation’s primary corporate headquarters and global distribution center, supporting distribution across the U.S. and international markets.

 

The facility was purpose-built to the tenant’s specifications and includes full-building HVAC with multiple climate-controlled environments. QMED Corporation has invested substantial capital into the space, including a “box-within-a-box” climate-controlled room maintained at a constant 72°F which is imperative for a segment of their inventory —an expensive, operationally critical installation that would be difficult to replicate elsewhere.

 

Griffin Pointe features 34’–35’ clear heights, nine dock-high loading positions, and one ramped drive-in bay, supporting efficient distribution.

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Investment Highlights

MULTIPLE EMBEDDED PATHS FOR INCOME GROWTH

  • 79.1% mark-to-market opportunity upon rollover
  • QMED has one (5) year option to renew at fair market value

SUPPLY-CONSTRAINED INFILL INDUSTRIAL LOCATION

  • Limited nearby industrial-entitled land due to zoning, infrastructure, and site scarcity

INSTITUTIONAL-QUALITY CLASS-A INDUSTRIAL FACILITY

  • ±180,538 SF Class A build-to-suit building constructed in 2018
  • 34’–35’ clear heights, functionally maximizing usable space

SUPERIOR TRANSPORTATION CONNECTIVITY

  • Direct access to I-95, I-595, US-1, and the Florida Turnpike
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2281 Griffin RdFort Lauderdale, FL 33312
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