Serving multiple functions, from overflow storage and vehicle parking to housing emerging technologies like aerial delivery drones and autonomous trucks, the IOS market is maturing and pricing is becoming more standardized as investor appetite continues to grow.
The AMBK Shipping company that focuses on exports to the Caribbean and South America is expanding its operations with a new long-term lease at the Royal Palm Doral.
For now, the market’s momentum rests on the consistency of mid-sized industrial real estate activity rather than headline-grabbing mega-deals.
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.