Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Hollywood Industrial Portfolio (the “Portfolio), a 44,400-square-foot, two-property, 12-building, small-bay industrial portfolio in the heart of Hollywood, Florida. The Portfolio boasts a 92-percent occupancy rate, with a diverse tenant roster; and is comprised of 61 units ranging from 450 to 1,500 square feet, each with individual HVAC units and fire sprinkler systems. The warehouses offer individual office spaces with common area restrooms and have 12’x10’ grade-level, overhead-door loading docks. The Portfolio covers nearly two full acres and is zoned for IM-2 which allows for industrial automotive use has approved auto dealership licenses. The Hollywood Industrial Portfolio is conveniently located in Hollywood, Florida, just north of Pembroke Road and east of State Road 7 (US-441), which is minutes from the Florida Turnpike and Interstate 95, making it easily accessible from anywhere in South Florida. This convenient location is also just ten miles from the Fort Lauderdale-Hollywood International Airport, and 12 miles from Port Everglades. Built in 1972 and 1974, the buildings are constructed of reinforced concrete, and offer ample parking and air-conditioned office spaces. The Hollywood Industrial Portfolio is within the Southeast Broward submarket of Broward County, which is expected to see continued population growth in Florida’s second largest county. Vacancy rates in the market declined from 4.0% to 3.7% in the first quarter of 2023 and remain lowest in Southeast and Southwest Broward, with the submarket currently averaging only 1.7 percent. With the majority of tenants having renewal dates within the next year, due to short-term leases, the Hollywood Industrial Portfolio provides excellent upside potential for investors to continue to push rents in this high-barrier-to-entry, small-bay industrial submarket of Southeast Broward that allows automotive and dealer use.