2020 Industrial Market Report BROWARD Q2 2020

2019-2020 LEASE COMPARABLES

2019-2020 LEASE COMPARABLES

Leased SF

Rental Rate

Signing Date Comments

Leased SF

Rental Rate

Signing Date Comments

Tenant/Landlord/ Location

Tenant/Landlord/ Location

Term: 126 months Escalations: 3% Free Rent: 6 months TI Allowance: $11.00 New

Term: 36 months Escalations: 3% Free Rent: None TI Allowance: $0.50 PSF New Lease

NovoHealth / Bridge Development Partners 3900 NW 215th Street Miami Gardens

Advanced Petro Technologies / Clarion 2004 NW 25th Avenue Pompano Beach

1

80,373 SF $7.70 NNN 2Q20

14

24,450 SF $8.50 NNN 1Q20

Term: 63 months Escalations: 3%

Term: 62 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New Lease Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: TBD New Lease

JB Hunt / Duke Realty 1731 W Copans Road Pompano Beach

WasteQuip, LLC / IDI Logistics 3001 W Copans Road Pompano Beach

2

40,551 SF $7.50 NNN 2Q20

Free Rent: 3 months TI Allowance: Turnkey Relocation Term: 60 months Escalations: 3% Free Rent: None TI Allowance: $2.00 PSF Renewal Term: 13 months Escalations: 3% Free Rent: 1 month TI Allowance: None Renewal Term: 60 months Escalations: 3% Free Rent: N/A TI Allowance: N/A New Lease Term: 67 months Escalations: 3% Free Rent: 3 months TI Allowance: N/A Expansion Term: 12 months Escalations: 3% Free Rent: N/A TI Allowance: N/A Extension Term: 87 months Escalations: 3% Free Rent: 3 months TI Allowance: $3.50 PSF New Lease Term: 62 months Escalations: 3% Free Rent: 2 months TI Allowance: N/A Renewal Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: $1.25 PSF New Lease Term: 62 months Escalations: 3% Free Rent: 2 months TI Allowance: $15.00 PSF New Lease Term: 84 months Escalations: 3% Free Rent: None TI Allowance: $17.12 PSF New Lease Term: 24 months Escalations: 3% Free Rent: None TI Allowance: None Renewal Freezer/cooler

15

39,533 SF $8.90 NNN 1Q20

Windy City / First Industrial 2500 NW 19th Street Pompano Beach

Anixter / Pompano Industrial Venture 1700 NW 18th St, Bldg 9 Pompano Beach

3

24,000 SF $8.50 NNN 2Q20

16

18,363 SF $9.50 NNN 1Q20

Term: 72 & 39 months Escalations: 3% Free Rent: 1 month TI Allowance: $15.00 PSF Expansion & Renewal

Ser-Mat International / Prologis 3200 NW 27th Avenue Pompano Beach

VPX / EastGroup 1951 N Commerce Parkway Weston

38,400 SF 96,000 SF

$8.25 NNN $8.75 NNN 1Q20

4

18,440 SF $8.50 NNN 2Q20

17

Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: $10.00 PSF New Lease

Clorox / Becknell Industrial 2401 College Avenue Davie

D&D Enterprises / UBS 3360 Enterprise Avenue Weston

18

55,897 SF $8.40 NNN 1Q20

5

27,000 SF $8.06 NNN 2Q20

Term: 84 months Escalations: 3% Free Rent: Only paying on 29,783 SF in year 1 TI Allowance: $9.00 PSF New Lease

19 AMD Supply / Butters Hillsboro Technology Center 550 Hillsboro Technology Drive Deerfield Beach

39,041 SF $8.50 NNN 1Q20

Anker International / Prologis 2751 Commerce Center Way Pembroke Park

6

16,038 SF $8.75 NNN 2Q20

Term: 86 months Escalations: 3% Free Rent: 2 months base TI Allowance: $25 PSF New Lease

BSI/Prosegur / Butters Hillsboro Technology Center 550 Hillsboro Technology Drive Deerfield Beach

20

39,043 SF $11.00 NNN 1Q20

Anker International / Prologis 3201 SW 22nd Street Pembroke Park

7

35,539 SF $9.95 NNN 2Q20

Term: 72 months Escalations: 3%

United Medco / Exeter Property Group 4250 Coral Ridge Drive Coral Springs

21

87,855 SF $6.25 NNN 1Q20

Free Rent: 3 months base TI Allowance: $7.00 PSF New Lease

Goodman Air Conditioning / TA Realty 4140 SW 30th Avenue Hollywood

8

41,200 SF $8.90 NNN 2Q20

Term: 42 months Escalations: 3% Free Rent: None TI Allowance: None Renewal

Gateway Classic Cars / Exeter 4020 NW 126th Ave Coral Springs

22

34,128 SF $7.35 NNN 1Q20

Polymershapes / Sunbeam Properties 9624-9632 Premier Parkway Miramar

9

20,039 SF $6.98 NNN 1Q20

Term: 64 months Escalations: 3%

Del Valle Brands / Seagis 8150 NW 76th avenue Medley

Free Rent: 4 months base TI Allowance: $1.25 PSF New Lease Term: 60 months Escalations: 3% Free Rent: None TI Allowance: 2,500 spec Ofc New Lease Term: 63 months Escalations: 3% Free Rent: 3 months base TI Allowance: $17 PSF New Lease Term: 130 months Escalations: 2.5% Free Rent: 10 months base TI Allowance: $8.50/SF New Lease

23

125,976 SF $7.85 NNN 1Q20

KeHe Distribution / Cabot Meridian Business Campus 3225 Meridian Parkway Weston

10

201,849 SF $8.50 NNN 1Q20

Caterpillar / Panattoni EastView Commerce Center- Building 5 2400-2450 NW 116th Street Miami

24

115,000 SF $7.60 NNN 1Q20

Rolo Transport, LLC / Prologis 3500 SW 20th Street Pembroke Park

23,907 SF $8.00 NNN 1Q20

11

Peleton / EastGroup Gateway Commerce Park 1702 NW 215th Street Miami Gardens

25

27,781 SF $8.65 NNN 1Q20

Commercial Relocation Group / Butters 528 Hillsboro Technology Drive Building E Deerfield Beach

12

25,358 SF $8.90 NNN 1Q20

La-Z-Boy / Bridge Development 1971 N Powerline Road Pompano Beach

26

48,800 SF $8.15 NNN 1Q20

MasTec / Bergeron Bergeron Park of Commerce 19700 Stirling Road Pembroke Pines

43,800 SF / 1.00 AC Outside Storage

$8.85 NNN (W/H) $2.13 NNN (Land)

Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: $2.00 PSF New Lease

13

1Q20

27 Stimwave / Duke Park Central 1300 Pompano Beach

25,942 SF $7.75 NNN 1Q20

18 | BROWARD COUNTY

INDUSTRIAL MARKET REPORT | 19

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