What industrial rents are achievable in Apopka/NW Orange?
Current warehouse/distribution rents average $7.50–$8.13/SF NNN, the lowest in the metro. Flex/office-showroom space achieves $14.01/SF NNN. The value-add thesis is predicated on the $2.14/SF gap between current Apopka rents and the metro average of $9.64/SF — a 28.5% mark-to-market opportunity on lease rollover. Cold-chain and temperature-controlled industrial (Cold Link Apopka-type product) commands $12–$16/SF NNN for certified cold storage, a 60–100%+ premium above standard W/D.