$500k Price Reduction STNL Industrial

Marcus & Millichap, as exclusive advisor, is pleased to present for sale The Lupin Industrial Building (the “Property”), a 48,909 squarefoot, free-standing, single-tenant net-leased, Class “A” research and development facility, constructed in 2008, in Coral Springs, Florida. The building is leased to Lupin Pharmaceuticals, a global medical corporation from Mumbai, India and domestically based in Maryland.

The Property is a very well maintained and constructed flex warehouse with tilt-wall, impact glass, 24-foot clear height ceilings, dockhigh loading with concrete apron, fully air-conditioned, and with heavy power. Located in northwest Broward County, the Property is centrally situated within the Corporate Park of Coral Springs, the one-square-mile business park fronting the Sawgrass Expressway, off Sample Road and minutes from Florida’s Turnpike and Interstate 95, is home to more than 350 businesses occupying more than 4.1 million square feet of commercial, office, warehouse and manufacturing space.

The Lupin Industrial Building represents an opportunity for an investor to acquire a fully occupied single-tenant building with very low oversite, stabilized cash flow in a high-barrier-to-entry submarket supported by a highly improved and state-of-the-art underlying asset.