GBI Biomanufacturing HQ — Sale in Plantation, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Plantation, FL 33313
  • Year built: 1980

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

GBI Biomanufacturing Headquarters, located at 1850 NW 69th Avenue in Plantation, Florida, a 38,000 square-foot biologics manufacturing and life sciences facility in Broward County. The property is fully leased to GBI Biomanufacturing, Inc., a contract development and manufacturing organization (CDMO) specializing in mammalian cell culture development and cGMP biologics production. The asset is secured by a triple-net lease with approximately seven years of remaining term through May 31, 2033, providing stable cash flow while minimizing landlord responsibilities, as the tenant is responsible for taxes, insurance, operating expenses, and maintenance. The lease also includes 2.6 percent annual rent escalations, providing consistent income growth throughout the remaining primary lease term. The facility supports highly specialized biologics manufacturing operations requiring tailored laboratory buildouts, advanced mechanical systems, and pharmaceutical-grade production infrastructure. GBI has invested approximately $26 million into the facility, demonstrating significant tenant commitment while creating substantial barriers to relocation. The investment also offers a clear value-add component through the lease renewal structure. Upon the first renewal option, rent resets to 90 percent of prevailing market rent, representing over 40 percent mark-to-market rent upside based on current underwriting. This structure provides the ability to significantly increase income at the end of the primary term, producing a projected 9.84 percent cap rate in year seven. Additionally, the property benefits from Florida’s recently enacted stem cell legislation, which allows certain regenerative treatments to be offered within the state and has helped increase demand for stem cell manufacturing capacity. GBI has indicated the expanded facility will support the production of up to one million stem cell units annually, positioning the asset within a rapidly growing segment of the biotechnolo

Market Context

This industrial in Plantation, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1980. It has been on the market for 101 days. Compare it against other industrial listings for sale in Plantation, FL — view the full market.

As of Q1 2026, the Fort Lauderdale industrial market showed a 3.8% vacancy rate, average asking rents near $20.20/SF/yr, rents up 10.0% year over year, and cap rates around 5.2%. Source: multiple brokerage reports, Q1 2026.

Its 6.0% asking cap rate is above the Fort Lauderdale industrial market average of about 5.2%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Fort Lauderdale?
About 5.2% as of Q1 2026, per multiple brokerage reports.
Is the Fort Lauderdale industrial market tightening or softening?
Vacancy is around 3.8%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$222.76/SF – $301.38/SF

Mid: $262.07/SF

Rate estimator only; cost-of-business estimate unavailable.

Contact

Explore this market

Similar Industrial Property for Sale in Plantation, FL