Florida Department Of Children & Families

$4.1 Million in Tenant-Funded Capital Improvements: The tenant has invested significantly in the property, including a new roof, upgraded plumbing systems, new HVAC units, interior wall reconstruction, fresh paint, carpet replacement, and comprehensive flooring updates.
New 10-Year Lease For DJJ: The Department of Juvenile Justice recently signed a 10-year lease that will commence when the tenant improvements are completed and accepted by the tenant. DJJ is expanding into the laundry tenant area and will be updated by the time of the lease commencement.
Exceptional Credit Quality: The State of Florida, serving as tenant, holds an S&P AAA credit rating, offering institutional- grade credit stability.
Positive Fiscal Outlook: Both tenants anticipate increased allocations in the FY 2025–2026 budget cycle, supporting ongoing operational stability and lease performance.
Demographic Tailwinds: The asset is positioned in an area experiencing sustained population growth, enhancing long-term demand fundamentals and supporting future appreciation.

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