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.
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.
The site is approved for development of a 741,837-square-foot industrial park consisting of six buildings, with individual structures ranging in size from 62,924 to 150,549 square feet.