Fund I Portfolio
Last Mile Distribution Center
Description
100% occupied, last-mile industrial warehouse and distribution facility located in Orlando, FL. This investment opportunity offers an attractive 22% discount to recent comparable sales and below-market lease rates of 40%.
Central Florida has seen double-digit rental growth rates in recent years, including the North West Orange submarket asking rents growing by 12.3% since August 2021. This investment provides a stable income stream with the potential for a significant increase in rents at lease expiration.
Details
Target Equity Multiple: 1.7x
Target IRR: 20%
Deal Type: Value-add
Asset Type: Industrial
Sponsor: Ultimate Realty
Target Investment Period: 3 years
