The site was previously acquired for $13.7 million in 2023. Despite no construction activity, the property appreciated in value.
From pulling inventory forward to automation, tariff-busting tactics companies are using have benefits but risks as well.
A recent report by CBRE suggests these legacy warehouses could find new life with the right investments in retrofits and upgrades.
With tariffs recently lowered, retailers are rushing to bring in merchandise before the current pauses on U.S. and reciprocal tariffs end in July and August.
The sale reflects a broader trend in suburban Miami-Dade, where aging office properties are increasingly being converted into industrial use.