Elevate Broward

Elevate Broward is an 11-building portfolio of small bay warehouse units, located in the heart of Broward County along 19th Street. The property was purchased with an institutional partner, and the opportunity to mark rents to market over the course of the initial 2 years.. The average rents from the existing 140+ tenants is approximately $11/sf, in a market that commands upwards of $21/sf. We are estimate a 4-5 year remaining hold, with a possible refinance capital event after year 5.