Investment Overview

Marcus & Millichap is pleased to present Kanner Crossings Industrial Site at I-95, a preapproved project encompassing ±106,205 square-foot industrial space spread across ±13.65 acres at 8002-8042 SW Jack James Drive, Stuart, Florida. The land is currently zoned LI, and the current owner has preapproval from the city to build on a total of ±6.73 acres with the balance retained as wetlands. The property consists of 4 folios with their ID’s being: 05-39-41-000-014-00010-0, 05-39-41-004-000-00040-0, 05-39-41-004-000-00030-0 and 05-39-41-004-000-00020-0. The plans are ideally laid out for small bay warehouse tenants allowing a quick lease up to a diverse tenant mix and offsetting any potential future turnover or vacancy. Kanner Crossings is situated adjacent to the I-95 southbound exit onto Kanner and across from the Southbound entrance to I-95 which can reach up to 300,000 VPD. Additionally, it sits less than 5 miles from the Turnpike's entrance and exit. The property is one of the last remaining development sites in the area and due to its large land and buildable footprint this could serve as an investment property or build to suit for an end user looking to have a presence in the area. Stuart is experiencing a development boom with many new apartments, homes, retail, industrial and private golf courses being built in the immediate area. There are over 6,100 residential units planned within a few miles of the subject site. Also, less than a 10-minute drive away is the new Apogee Golf Club which provides 3 world-class courses.