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    <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Fad147103-3b12-422a-be99-db8519b9bd89%2Fc9644702-1596-4476-a430-3799c2b6d1fe" onerror="this.style.display='none'" alt="460 NW Enterprise Drive Image" style="object-fit: cover; width: 200px;" />
    <p style="margin-top: 0.5rem; text-transform: uppercase; font-size: 10px; letter-spacing: 0.025em;"> Industrial </p>
    <p style="margin-top: 0.05rem; color: #0D1321; text-align: left; font-weight: 400; font-family: Cormorant Garamond, serif; font-size: 20px;">
      460 NW Enterprise Drive
    </p>
    <p style="margin-top: 0.25rem; text-transform: uppercase; font-size: 8px; letter-spacing: 0.1em;"> Port St. Lucie,  FL </p>
    <p style="margin-top: 0.25rem;">By Cushman &amp; Wakefield</p>
    <a href="https://platform.reverecre.com/project/ad147103-3b12-422a-be99-db8519b9bd89" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Cushman & Wakefield plc (together with its subsidiaries, “Cushman & Wakefield,” “the Company,” “we,” “ours” and “us”) is a leading global commercial real estate services firm with an iconic brand and approximately 50,000 employees led by an experienced executive team. We operate from over 400 offices in 60 countries, managing over 4.1 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. We serve the world’s real estate owners and occupiers, delivering a broad suite of services through our integrated and scalable platform. Our business is focused on meeting the increasing demands of our clients through a comprehensive offering of services including Property, facilities and project management, Leasing, Capital markets, Valuation and other services. In 2020, 2019 and 2018, we generated revenues of $7.8 billion, $8.8 billion and $8.2 billion, respectively, and service line fee revenue of $5.5 billion, $6.4 billion and $6.0 billion, respectively.

Director

Executive Managing Director

Managing Director

Executive Director

100% leased industrial property to two strong tenants with over 5 years of WALT remaining 

WALT increases to 10.6 years if fixed, below market renewal options are exercised 

Fixed renewal options increase renewal probability while also providing an opportunity to increase NOI if either tenant leaves 

Leases allow for collection of management fees 

The Property offers covered, outdoor storage which isn’t being monetized currently and provides a highly desirable feature for future tenancy  

Both tenants utilize a showroom feature in the front providing for more of a retail location combined with distribution 

Strategic location with convenient access to both I-95 and Florida’s Turnpike 

Oversized 5-acre site in the St. Lucie Park of Commerce 

Ability to acquire below replacement cost and at a substantially lower basis than Palm Beach, Broward or Miami Dade counties 

Exclusive Contacts

Cushman & Wakefield of Florida, acting as exclusive advisor, is pleased to present the opportunity to acquire 460 NW Enterprise Drive, a 100% net-leased industrial asset in one of the nation’s fastest growing cities, Port St. Lucie. Comprising 61,132 square feet on an oversized five-acre lot, 460 NW Enterprise provides an ideal combination of functionality, convenience and quick access to both Interstate 95 and Florida’s Turnpike.  

Michael Ciadella is an Director on the South Florida-based Cushman & Wakefield Capital Markets Investment Sales team. In his role as Director, Michael works with Scott O'Donnell, Dominic Montazemi, Miguel Alcivar and Greg Miller in the disposition of office, industrial and mixed-use assets across South Florida. 

Overview

Investment Highlights

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