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 property just east of MIA is intended to be utilized by the Aviation Department for any compatible land use. The seller has already provided the four tenants at the property — including a luxury car rental business — with a notice of termination of their leases and will reportedly pay for the demolition of existing buildings within six months of purchase.