The property features a corporate lease with United Rentals, Inc., the largest equipment rental company in the United States. The tenant is publicly traded on the New York Stock Exchange under the ticker symbol URI, with a market capitalization of approximately $59 billion and more than 1,500 locations nationwide. The lease is structured as an absolute net lease with annual CPI increases, offering zero landlord responsibilities—a rare and highly desirable arrangement.
Originally built to suit the tenant in 2009, the layout was designed to optimize the functionality of the warehouse and yard. The warehouse includes a 3-ton crane and three drive-thru bays, and the property is also equipped with a wash rack. Situated on a 2.29-acre site with industrial outdoor storage (IOS), the property offers a low coverage lot and multiple points of ingress and egress. The location is within the Miami MSA, the sixth-largest metropolitan area in the United States. Miami-Dade County alone is home to more than 2,830,000 residents.