A three-building, 665,000-square-foot industrial portfolio in San Diego, California. The three properties are 96 percent leased to eight tenants.
San Diego’s diverse economy is driven by technology, healthcare, biotech, life science, Department of Defense and defense contractors, along with tourism and trade with Mexico. The overall San Diego industrial market consists of nearly 200 million square feet and faces geographic barriers to new supply due to its borders with Camp Pendleton on the north, the Pacific Ocean on the west, mountains and desert to the east and Mexico’s border on the south.
These buildings, located in the South County area, and more specifically the Otay Mesa industrial submarket, are 1.5 miles from the US-Mexico border with critical proximity to the Otay Mesa Port of Entry, the most active truck border in California.
San Diego is a highly rated overweight industrial market, according to LaSalle Research & Strategy’s target market analysis. The market’s overall industrial vacancy is currently just above 3 percent, and while there is new supply coming online, absorption is expected to be strong, allowing for further rent growth in the near future.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
IMPORTANT NOTICE
Are you a resident of Ohio or New Jersey?
The material linked is available only to persons outside of Ohio and New Jersey.
IMPORTANT NOTICE
This page is only available to persons outside the states of Ohio and New Jersey. Please review the JLL Income Property Trust prospectus for more information.
Click here to view materials available to Ohio and New Jersey residents.