2019 Industrial Market Report - Broward County

2018-2019 LEASE COMPARABLES

Signing Date Comments

Tenant/Landlord/ Location

Leased SF Rental Rate

Cambria Company / MSG I-595 LLC 3200 SW 30th Avenue Dania Beach Larsen’s Manufacturing Company / Pompano Industrial Ventures 1600 NW 18th Street, Bldg. 7, Pompano Beach Oxford Instruments / Quiet Waters Business Park, LLC 740 S Powerline Road Deerfield Beach ATI Electrical Supply / Pompano Industrial Ventures 1650 NW 18th Street, Bldg 8 Pompano Beach

Term: 86 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New Lease Term: 86 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New Lease Term: 63 months Escalations: 3% Free Rent: 3 months TI Allowance: None New Lease Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None New Lease Term: 108 months Escalations: 3% Free Rent: 5 months TI Allowance: $1.00 PSF Renewal Term: 4 months Escalations: N/A Free Rent: None TI Allowance: None Renewal

1

27,379 SF

$9.75 NNN 3Q19

2

17,436 SF

$9.44 NNN 2Q19

3

23,910 SF

$9.00 NNN 2Q19

4

18,950 SF

$8.95 NNN 2Q19

5 GA Telesis / Seagis 3420-3460 NW 53rd Street Fort Lauderdale

56,820 SF

$7.33 NNN 2Q19

6 Hilti, Inc / Prologis 3201 SW 22nd Street, Pembroke Park Event Effects / Pompano Industrial Ventures 1650 NW 18th Street, Suite 805 Building 8, Pompano Beach 7

23,390 SF

$8.75 NNN 2Q19

Term: 120 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New

37,786 SF

$8.25 NNN 2Q19

Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None New Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None Renewal Term: 130 months Escalations: 2.5% Free Rent: 10 months TI Allowance: $7.00/ SF New

8 Cozzini Bros / OPIC, LLC 3611 NE 5th Avenue Oakland Park

5,520 SF

$9.25 NNN 2Q19

9 Toyota / DRA Advisors, LLC 2200 SW 45th Street Dania Beach

104,688 SF

$7.00 NNN 2Q19

10 UPS / Bridge Development Partners Bridge Point Commerce Center

305,750 SF

$7.05 NNN 2Q19

Empire Delivery / Pompano Industrial Ventures Pompano Center of Commerce II 1600 NW 18th Street, Bldg 7 Pompano Beach

Term: 65 months Escalations: 3% Free Rent: 5 months TI Allowance: TBD New

11

26,605 SF

$8.25 NNN 1Q19

Term: 72 months Escalations: 3% Free Rent: None TI Allowance: $1.00/SF Renewal

12 ThinkPrint / Duke Realty 140 Park Central Blvd S Pompano Beach

20,168 SF

$8.50 NNN 1Q19

Milestone MSP / Pompano Industrial Ventures Pompano Center of Commerce II 1550 NW 18th Street, Bldg 6 Pompano Beach Southern Carlson / MSG Dania Beach 3200 SW 30th Avenue Dania Beach Farco Plastics / Pompano Industrial Ventures Pompano Center of Commerce II 1660 NW 18th Street, Bldg 7 Pompano Beach

Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: TBD New

13

14,640 SF

$9.65 NNN 1Q19

Term: 86 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New

14

27,379 SF

$9.63 NNN 1Q19

Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: TBD New

15

17,381 SF

$8.50 NNN 1Q19

Term: 61 months, Escalations: 3% Free Rent: 1 month TI Allowance: $1.00/SF Renewal; space is highly specialized and 100% climate controlled

Propulsion Tech / Heitman Miramar Centre Business Park 15301 SW 29th Street Miramar

16

124,280 SF

$9.40 NNN 1Q19

18 | BROWARD COUNTY