The sale price breaks down to approximately $322 per square foot. The property last changed hands in 1989 for $1.26 million, reflecting a significant increase in value over the decades.
Analysts point to new tariffs imposed by the Trump administration as a key factor weighing on industrial development. This slowdown could undermine earlier expectations of a strong rebound in 2026.
Although demand for data centers continues to grow nationwide, Miami-Dade’s industrial real estate market has also seen significant expansion. the property’s proximity to Florida’s Turnpike makes it a strategic location for warehouse development.