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INVESTMENT HIGHLIGHTS
There are numerous demand drivers for small bay warehouse space in Miami. Continued population
growth, surging entrepreneurial activity in an improving economy, e-commerce trends towards more
efficient delivery of goods and services over the “last mile,” $1 billion of capital improvements at Port
Miami following the expansion of the Panama Canal, and the recent passage of an amendment to legalize
cannabis for medical use are among the most prominent reasons contributing to growing demand. Given
how tight the market is coming into 2017, there will be continued upward pressure on rental rates.
SOUTH MIAMI INDUSTRIAL PORTFOLIO OVERVIEW
Property
Number of Buildings
RBA (SF)
Occupancy
Area (acres)
South Dade Industrial Center
1 (plus development-ready pad)
33,945 (pad for additional 30,972 SF*)
96.3%
3.36
Maksanim
6
218,258
96.2%
8.90
Mak Too
2
57,336
100.0%
3.20
Mak 3
2
56,876
97.9%
3.34
Totals
11 (plus development-ready pad)
366,415 (potential for 397,387 SF)
97.1%
18.80
The South Florida market has two
primary physical barriers to entering
the market: the Atlantic Ocean to the
East and the Everglades to the West.
As a result of these constricting factors
as well as the scarcity of available land,
the replacement cost for warehouse
product comparable to the Properties is
in excess of $120/SF.
7 of 11 buildings in
the Portfolio
N
Mak Too
Mak 3
S Dixie Highway (US 1)
Florida’s Turnpike
Marlin Road
SW 106th Avenue
Maksanim
10700 SW 188th Street
Maksanim
10715-55 SW 190th Street
SOUTH MIAMI INDUSTRIAL PORTFOLIO | INVESTMENT HIGHLIGHTS
* There is a development-ready pad stubbed out for utilities with parking in-place permitted for an additional 30,972 SF small-bay building.
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EXECUTIVE SUMMARY