Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale PODS Port St. Lucie (the “Property), an approximately 40,000-square-foot, single-tenant, industrial/office warehouse facility built in 2006 in Port St. Lucie, Florida. The Property boasts clear heights of up to 30 feet and is completely sprinklered; with two, grade-level loading docks. The building has steel-frame construction with a steel-trussed metal roof, and includes a 464-square-foot, climate-controlled office. The Property includes a total of 2.2 acres of land, which allows for ample outdoor storage space. POD’s has been strategically located at this I-95 fronting facility since 2016 and has two, five-year options remaining. POD’s Port St. Lucie is conveniently located alongside Interstate 95 in the city of Port St. Lucie, just north of St. Lucie W Blvd on NW Mercantile Place, and is also less than eight miles from the Florida Turnpike entrance, making it easily accessible from anywhere in St. Lucie County. This convenient location is also just minutes away from the Town Center at St. Lucie West shopping center; which features numerous restaurants, an AMC Theatre, Walmart, Bealls, Ross, Party City, Petco, Staples, Guitar Center and more. PODS Port St. Lucie is located within the St Lucie Inland submarket of St. Lucie County, which is expected to see continued population growth after experiencing more than two-percent overall population growth from 2021-2022, and being 7th on a list of American cities with the largest one-year increase in population. Vacancy rates are currently around four percent for comparable properties in the submarket in the first quarter of 2023. PODS Port St. Lucie provides a stable investment with a quality tenant in a high-barrier-to-entry market, and frontage to Interstate 95. Additionally, the Property provides upside potential to mark rents to market if PODS does not exercise their options, with in-place rents being 75 -100 percent below market.