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Asset Summary

Acquisition Date Q3 2023
Size 224,560 SQ FT
Property Type Industrial
Deal Profile Fund IV, Acquisition
Investment Profile Opportunistic
Deal Source On Market

Class A, 224,560 SF multi-tenant warehouse building in Pembroke Pines, FL. Located north of Miami, FL, in Broward County (the second most populous area in Florida), the property is easily accessible to Florida’s three primary north/south freeways – I-75 (8 minutes), Florida’s Turnpike (28 minutes), and I-95 (32 minutes). Significant geographic constraints including the Atlantic Ocean to the east, the Everglades to the west, and wetlands throughout, have contributed to the region’s lack of industrial supply. Constructed in 2018, the Class A rear-load, multi-tenant warehouse is currently demised into three suites and includes 32’ clear heights and a 125’ truck court. The business plan included repositioning two of the building’s three suites and leasing the spaces to north Miami manufacturing, distribution, and industrial services companies.

Today, South Florida Distribution Center comprises three Class A buildings (Bldgs. A, B, and C). In Q3 2023, Summit’s Arrowrock US Industrial Fund IV acquired Building A and an adjacent site where Building C has been constructed.

Building A

Building size 224,560 SF
Space available Suite A: ±85,818 SF Suite B: ±64,717 SF Suite C: ±74,025 SF
Availability Delivered - Available Now
Office Suite A: ±3,380 SF with ±708-SF shop/shipping office Suite B: ±2,260 SF Suite C: Build-to-suit
Warehouse lighting LED
Electrical service 1,600 amp 3-phase 480 volt electric service; 1,000 additional amps available at transformer
Dock-high positions Suite A: 20 dock doors Suite B: 14 dock doors + 1 oversized dock Suite C: 20 dock doors
Drive-in ramps Suite A: 1 drive-in ramp Suite B: none Suite C: 1 drive-in ramp
Load type Rear-load
Construction Tilt walls
Building depth 225'
Column spacing 55' x 56'
Speed bay 60'
Clear height 32'
Fire suppression ESFR

Truck Court

Truck court depth 125'
Auto parking 250 spaces
Zoning PID

For leasing information, contact the experts:

Christopher Thomson

VC, CushWake

561 301 2390

email

Matthew McAllister

MD, CushWake

561 901 5216

email

Photos

Location