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Park Central Light-Industrial 3 Properties in Pompano Beach, FL
Investment Highlights
- OPPORTUNITY TO ACQUIRE A 95% LEASED LIGHT-INDUSTRIAL PARK WITH UPSIDE IN SOUTH FLORIDA
- HIGHLY-FUNCTIONAL AND VERSATILE LIGHT-INDUSTRIAL DESIGN SPECIFICATIONS
- CORE LOCATION WITH EXCELLENT TRANSPORTATION DYNAMICS PROVIDING ACCESS TO THE ENTIRE MSA WITHIN A 90-MINUTE DRIVE.
- STRONG, PROVEN IN-PLACE CASH FLOW WITH NEAR-TERM UPSIDE POTENTIAL
- ATTRACTIVE VALUE PROPOSITION POISED FOR LONG-TERM SUCCESS
Executive Summary
Park Central is an infill, light industrial park in one of the nation's highest barrier-to-entry markets, Broward County, FL.
The 114,391 square foot park contains three highly functional industrial buildings supported by a variety of bay sizes and buildouts, with spaces ranging from 2K-29K SF, versatile loading options (31% dock-high), and dedicated air-conditioned warehouse space (45% of the NRA).
The Property offers stable in-place cash flow with 95% occupancy and has maintained 94% historical occupancy since 2023. In addition, there is significant upside potential with 2.2 years of WALT, 67% of the NRA expiring by Year 4 of the projection, and a 13% MTM opportunity, yielding 48% 6-year NOI growth.
Park Central benefits from a strategic centralized South Florida location with direct access to I-95 (4 minutes), Florida's Turnpike (6 minutes), and Ft. Lauderdale's CBD (20 minutes) offering unparalleled last-mile logistics to over 6.7M+ people within 90 minutes.
Park Central offers investors the opportunity to acquire a highly functional light-industrial park in one of the nation's strongest industrial markets with upside potential at a substantial discount to replacement cost and recent South Florida transactions.
The 114,391 square foot park contains three highly functional industrial buildings supported by a variety of bay sizes and buildouts, with spaces ranging from 2K-29K SF, versatile loading options (31% dock-high), and dedicated air-conditioned warehouse space (45% of the NRA).
The Property offers stable in-place cash flow with 95% occupancy and has maintained 94% historical occupancy since 2023. In addition, there is significant upside potential with 2.2 years of WALT, 67% of the NRA expiring by Year 4 of the projection, and a 13% MTM opportunity, yielding 48% 6-year NOI growth.
Park Central benefits from a strategic centralized South Florida location with direct access to I-95 (4 minutes), Florida's Turnpike (6 minutes), and Ft. Lauderdale's CBD (20 minutes) offering unparalleled last-mile logistics to over 6.7M+ people within 90 minutes.
Park Central offers investors the opportunity to acquire a highly functional light-industrial park in one of the nation's strongest industrial markets with upside potential at a substantial discount to replacement cost and recent South Florida transactions.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 114,823 SF |
| Number of Properties | 3 | Total Land Area | 13.88 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 114,823 SF |
| Total Land Area | 13.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3800-3890 Park Central Blvd N, Pompano Beach, FL 33064 | Flex | 36,736 SF | 1985 | - |
| 3700-3790 Park Central Blvd N, Pompano Beach, FL 33064 | Industrial | 42,607 SF | 1985 | - |
| 3600-3665 Park Central Blvd N, Pompano Beach, FL 33064 | Industrial | 35,480 SF | 1985 | - |
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Park Central Light-Industrial
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