The newly built Royal Palm Doral completed in 2024 was sold by Blackstone. The project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
The sale price of the 62,000-square-foot facility equates to roughly $328 per square foot—nearly three times the property’s previous sale price a decade ago.
According to a recent report, IOS rents have surged by 123% since 2020, more than double the 58% increase seen in the bulk warehouse sector over the same period.
From automotive parts to pharmaceuticals, cargo in transit or storage is increasingly vulnerable to theft, tampering, and disruption. In response, a new generation of security technology is stepping up—autonomous robotics and artificial intelligence.