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| Taylor Osborne |
MIAMI, FL – JLL Capital Markets brokered the approximately $25.8 million sale of PODS Tampa, a 154,490-square-foot portfolio comprising three fully leased industrial warehouses in the Tampa, Florida MSA.
JLL facilitated the sale on
behalf of Ultimate Realty, LLC, who structured a long-term lease at market
rents as part of the business plan execution. Institutional investors advised
by J.P. Morgan Asset Management acquired the portfolio.
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| Luis Castillo |
Built in 2004 and 2007, the properties feature 28- to 38-foot clear heights, eight oversized grade-level doors and climate-controlled warehouses.
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| Cody Brais |
The entire portfolio is leased to PODS, one of the largest mobile self-storage companies in the nation. Founded in Tampa Bay in 1998, PODS maintains its headquarters in the area and has grown to employ over 3,000 people, facilitating more than six million moves.
The JLL Investment Sales and Advisory team was led by
Managing Director Luis Castillo, Senior Director Cody Brais and
Associate Taylor Osborne.
"This sale exemplifies the enduring appeal of strategically located
industrial assets in Tampa's supply-constrained market," said Brais.
Castillo added, "The combination of prime infill locations, high barriers
to entry and a credit tenant with a long-term commitment made this an
attractive investment opportunity."
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| Joe Sabbagh |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than
3,000 Capital Markets specialists worldwide with offices in nearly 50
countries.
For more news, videos and research resources, please
visit JLL’s newsroom.
CONTACT:
Grace Lewis
PR,
Capital Markets
2401
Cedar Springs Rd.
Dallas,
Texas 75201
M
+1 903 520 3478
JLL.com
