727-902-1863
8906 State Rd 33 N, Polk City, FL for Sale
Distribution - FOR SALE
1/4
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8906 State Rd 33 N
Polk City, FL 33868


HIGHLIGHTS

  • Institutional quality, 650,808 SF cross-dock facility with well-below market lease at a strategic Central FL location ideal for statewide distribution

OVERVIEW

Jones Lang LaSalle, Inc. ("JLL") has been exclusively retained to market for sale the fee simple interest in the Best Buy Distribution Center (the "Property") – a purpose-built Class A 650,808 SF cross-dock industrial facility in Central FL that serves as the statewide distribution hub for the company's 65 stores and online fulfillment. The Property is strategically located equidistant from Tampa and Orlando at the heart of the state, enabling same-day delivery to all of Florida's 23M residents, as well as convenient distribution throughout the Southeastern US via I-4 (3.4 miles away). Constructed in 2018 as a build to suit for the tenant, the Property is 100% leased to Best Buy (NYSE: BBY, S&P: BBB+), a $43.5 billion-dollar, Fortune 100 company that sells consumer electronics and a variety of related merchandise. This facility serves as Best Buy's sole Delivery Distribution Center (DDC) in Florida and ranks as the top-performing DDC among the company's seventeen nationwide, housing $900 million in product volume. Best Buy Distribution Center offers investors an opportunity to acquire a Class A distribution center massively below replacement cost at a strategic statewide distribution location with contractual rent from an investment grade tenant and future upside with in place rent offering 64% mark-to-market potential. Please click the below link to sign the NDA and access the deal room materials: https://invest.jll.com/listings/industrial-logistics/best-buy-distribution-center-

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

Lighting - Fluorescent, Gas, Water, Sewer

CLEAR CEILING HT

36 Ft

DOCKS

100

DRIVE INS

4

PARKING SPACES

166

LAND DETAILS

LAND ACRES

46

LAND SF

2,003,760

ZONING

-

APN/PARCEL ID

24-27-01-000000-012010

ASK ABOUT THIS PROPERTY

727-902-1863

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727-902-1863

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