JDI, in partnership with Pro Business Centers, acquired two off-market small-bay industrial properties in Bradenton and Palmetto, Florida. The properties total 161,680 SF across 31 buildings and 77 suites, with 54 tenants and a 97% occupancy rate. We purchased these infill industrial assets at a significant discount to replacement cost, with below-market rents and a diverse tenant base in a thriving market. The Bradenton/Palmetto submarket has a 1% vacancy rate for spaces under 2,000 SF, positioning the properties for strong cash flow through capital improvements, lease restructurings, and operational efficiencies. With sustained demand for small-bay industrial space, these assets are primed for future growth and value creation.
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