10109-10181 USA Today Way - MPC 8 - Miramar Park of Commerce

Location:

1996 MPC 8

Building Type: Class B Warehouse

Southwest Broward Ind Cluster Southwest Broward Ind Submarket Broward County Miramar, FL 33025 19,252 SF

Tenancy: Multiple Tenant

RBA: 109,910 SF

Vivo Real Estate Group, Inc.

Recorded Owner: Sunbeam Development, Inc.

Management:

Landlord Rep: Sunbeam Development, Inc.

Ceiling Height:

Column Spacing: -

Drive Ins:

24'0"

Loading Docks: 14 ext

Power: 270-480a/120-208v 3p

Parcel Number:

% Leased: 100%

Crane: -

Rail Line: None

Cross Docks: 1 - 10'0"w x 12'0"h

Land Area: 9.55 AC None

Const Mat: Masonry

Utilities: -

2021 Tax @ $2.65/sf

Expenses: 146 Surface Spaces are available; Ratio of 1.33/1,000 SF

Parking: 51-41-30-02-0010

Vivo Real Estate Group, Inc. / Rene Vivo (305) 817-8899 / Carlos Velasquez (305) 817-8899 / Raul Estrada (305) 817-8899

Located within the award winning Miramar Park of Commerce Industrial Park. This ±19,252 SF property offers ±17,652 SF of warehouse space, 1,600 SF of office (4 offices, conference room, 4 restrooms, breakroom) 24' clear ceiling height, 4 dock positions and 1 ramp, and 1.3/1,000 parking ratio. Available April, 2023. Located in Southwest Broward within Miramar Park of Commerce, property is less than 1 mile from the Florida Turnpike, SR I-75 and minutes from Miami-Dade County with access to SR 826, I-95 and the Golden Glades Interchange.

Building Notes

The Miramar Park of Commerce (MPC) is a campus-type light industrial park in Southwest Broward County fronting the Florida Turnpike at the Red Road Interchange. Planned to contain over 6 million square feet of space at build-out, the Park consists of 540 acres in five phases and currently is home to over 5 million square feet of office/service, laboratory, pharmacy, light manufacturing and distribution space. Filled and improved retail/outlot sites are available for sale or lease.

Phase I encompasses 80 acres and was platted in late 1984. Construction of roads, utilities and landscaping began in January 1985. Phase II's 80 acres of infrastructure was completed in the summer of 1989. Sites in Phase IIA, which contains 30 acres, became available in 1991. Phase III of the Park has been developed and added approximately 140 acres to MPC. The first half of Phase III was completed in September 1997 and the second half of Phase III broke ground in the 3rd quarter of 1998. Phase IV added 64 acres and broke ground in mid-1998 on the east side of Palm Avenue along the of Phase III broke ground in the 3rd quarter of 1998. Phase IV added 64 acres and broke ground in mid-1998 on the east side of Palm Avenue along the Florida Turnpike. It was completed in 2001. Phase V broke ground in late 2001 and construction of the 1st building was completed in July 2002. The newest addition to the Park is a 30 acre parcel on the eastern border of Phase IV. This parcel is an excellent choice for Build-To Suit industrial users. Gannett Satellite Information Network, Inc. was the first company to locate in the park. They began publishing and distributing USA TODAY at this location on September 4, 1985.

The Park's second customer, Keebler Cookie Company, took occupancy of a 37,000 square foot freestanding distribution building in November 1986. Sunbeam has also built and leased facilities to American Express, DHL, Premier Beverage, and AT&T (now Avaya) to name a few. SmithKline Beecham (now Quest Diagnostics) built 80,000 square foot clinical laboratory on an 8.5 acre site they purchased at the Park and FedEx is in an owner-occupied 62,000 square foot facility. Nissan, Neiman Marcus, Caterpillar and Honeywell are other notable tenants at the Park.

In other land sales, JC White occupies an 85,000 square foot office and furniture distribution facility. The Park is also home for the offices of SchwebkeShiskin and Associates, Elite Aerospace, Beghelli and Trial Graphix.

Additionally, the Park has twenty-seven speculative office/distribution building complexes: MPC-1 thru MPC-27, totaling 3.4 million square feet. These multi-tenant buildings are home to a number of national and local companies including health-care companies South Broward Hospital District, GE Healthcare, Aveva, Altor Bioscience, OPKO and Apria to name a few. Other companies include Siemens, Toyota/Lexus, ADT, Trane and Tropical Financial Credit Union.

Sunbeam has completed its most recent speculative project, MPC-27. It is an 88,000 square foot, state-of-the-art distribution building which was 100% leased at completion. The project is located on Premier Parkway.

Sunbeam continues to believe in the long term strength of the South Florida market. Construction has commenced on MPC-28, a new 80,000 square foot distribution building which is slated for completion during the 3rd quarter 2013. Additionally, we are in for permit on an additional ±145,000 square feet of flex/office space: MPC-25, a 3-building complex.

Sunbeam owns and develops real estate in Florida, Indiana and California. It is a subsidiary of Sunbeam Television, which owns and operates WSVNTV - the FOX affiliate in Miami, Florida and WHDH-TV - the NBC affiliate, and the CW affiliate in Boston, Massachusetts.