Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate investors and owners, closed on a $9.4 million acquisition of a 2.78-acre, fully secured and improved, trailer/fleet parking lot located at 8100 NW 25th Street in Doral.
Reshma Parvani from Parvani Commercial Group Inc. represented the Seagis in the transaction, while Jeffrey Roa from KW Commercial represented the seller, Desarrollos Palma Setin LLC, a subsidiary of Setin Investments.
“This was a rare opportunity to acquire such a unique property in a prime location adjacent to the MIA Cargo Viaduct,” said Bradlee Lord, Vice President of Seagis, who is based out of the company’s South Florida office. “This property is one of the only fully secured, improved sites in the immediate submarket that can accommodate vehicle and trailer parking for a single user. We continue to see increased demand across South Florida for well-located, secure trailer parking sites like this as a result of limited land inventory and a healthy logistics market.”
The trailer parking lot can accommodate up to 74 trailer spaces and 22 car parking spaces. It will become available to the market for lease in May. Tenants will benefit from the property’s strategic location with easy access to all major thoroughfares, including SR 826 and 836, as well as Miami International Airport’s cargo entrance via the NW 25th Street viaduct.
This acquisition expands Seagis’ South Florida regional foothold to 111 logistics properties, totaling more than 6 million square feet of investment-grade industrial space.