Colliers, as exclusive advisor, is pleased to introduce the Central Florida Portfolio located in Tampa and Orlando. The portfolio is comprised of two standalone buildings totaling 67,420 square feet and features an attractive WALT of just over three years.
Low Portfolio WALT
Comprised of two Tenants, this Central Florida Portfolio features an extremely attractive 3.2 years of WALT.
Significant Mark-to-Market Opportunity
The Portfolio has an in-place mark-to-market opportunity averaging 34%, with Tech Blvd. and Chancellor Dr. individually demonstrating a 21% and 47% MTM, respectively.
Standalone Building Lease Opportunities
The Portfolio is comprised of two highly-functional and extremely infill standalone facilities. A rare offering for their size, these buildings give the occupier base flexibility in a smaller footprint while also granting the ability for a Tenant to fully control and secure the perimeter; both attribute to a Landlord's ability to further drive rental rates.
Limited CapEx Needed
Both assets have undergone an extensive capital improvement plan, minimizing an incoming investor’s immediate capital outlay.
Equally Hyper Infill Locations
Both assets are located in stabilized and high performing (from a rent growth standpoint) submarkets (East Tampa and SW Orange County), with a plethora of surrounding institutional ownership - Link Industrial, Prologis, EastGroup Properties, UBS, to name a few.