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To-be-developed Class A, ±280,000 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 site 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 extreme lack of industrial supply. The to-be-constructed building will be a Class A rear-load, multi-tenant warehouse with 36’ clear heights and a 180’ truck court with space available for trailer parking. Once completed, the project will be uniquely positioned to serve north Miami manufacturing, distribution, and industrial services companies as well as the growing households in the area. Summit anticipates starting construction on Building C Q1 2024 and delivering the building Q4 2024.

South Florida Distribution Center is comprised of two buildings (Bldgs. A & B) and an adjacent 23.2-acre industrial site. In Q3 2023, Summit’s Arrowrock US Industrial Fund IV acquired Building A and the adjacent site where Building C will be constructed.

South Florida Distribution Center (Bldg. C)

Pembroke Pines, FL

Industrial | Unrealized

Asset Summary

Acquisition Date:
Q3 2023
Size:
280,000 SQ FT
Property Type:
Industrial
Deal Profile:
Fund IV, Development
Investment Profile:
Opportunistic
Deal Source:
On Market