According to Green Street’s latest industrial sector update, the eport authors point to cold storage demand, rising NOI forecasts and cash-releasing spreads — especially at Prologis — and Houston and East Coast port activity.
The 4-acre property containing a 45,015-square-foot industrial building sold for $14.15 million. The site at 9200 N.W. 58th St. last traded for $950,000 in 1989.
There’s a shortage of parking spaces for trucks, heavy equipment and RVs in Miami-Dade as development has intensified throughout the county. This has increased the value of auto storage facilities with amenities for vehicle fuel and service.