How will this affect you? Property taxes may increase from 2% to 24% depending on which city your property falls within. The annexation boundary lines are somewhat bizarre, but will make more sense once you realize that the cities are after more property tax revenue from these Miami commercial properties. These cities include Doral, Medley, Miami Springs, Sweetwater and Virginia Gardens. Both owners and tenants should be concerned about this issue because it will increase property taxes during an economic period when we ought to be finding ways to reduce operating expenses for commercial properties and businesses.

If you have further questions on this issue, there is help. On Friday, August 6th, 2010, Mr. Tom Dixon delivered a presentation at the CCIM Miami luncheon on this topic. Some of his presentation can be viewed below. Mr. Tom Dixon may be reached by calling 305-443-4966 or visiting his website at www.dixoncommercialre.com. ComReal Miami would strongly recommend Mr. Dixon if you would like to consider filing an appeal for your Miami-Dade County commercial property tax assessment. For Mr. Dixon’s full report on the impact of annexations, please click here: [Impact of Annexations] as well as the map links below to see if the annexation will effect your property.

On August 20th, 2010, Edward Redlich was quoted in The Real Deal: “Every customer of mine now asks me about property taxes, because it’s just one of the many operating expenses they have to pay — one of the largest ones,” he said. “We get that all the time. Here we are in a recession and trying to find a way to work ourselves out of it and taxes just keep going up. And if we are successful and reduce the assessments on commercial properties, then they just raise the millage rates.” Redlich went on to say “Even if we are successful this year, they will just come back next year, and the year after that. The Revenuers are very progressive knowing that most businessmen have better things to do then bother with these incredibly audacious political issues.”

If you are interested in learning more and participating with neighborhood commercial property owners in challenging the annexations, you might like to get involved with The Airport West Business Association, Inc.

City of Virginia Gardens Annexation (click for larger map)

City of Doral Annexation (click for larger map)

City of Medley Annexation (click for larger map)

City of Miami Springs Annexation (click for larger map)

If you are interested in learning more you may also want to attend the next Miami-Dade County annexation committee meeting on Wednesday, September 8th, 2010 at 2 PM. The meeting will be located at the Stephen Clark Center, 111 NW 1st Street, 2nd Floor in downtown Miami.

Note: This blog was posted with the prior consent of Dixon Commercial Real Estate.

For your convenience, here is the City of Doral’s trolley route map through local streets. See below if the Doral trolley is near your Doral commercial property and/or business. You may also click here for the PDF version: City of Doral trolley route map.

This warehouse in Doral is one of our team’s favorite. The Doral warehouse building is ideal for Miami distribution, freight and logistics companies. It is strategically located right off the Palmetto Expressway (SR 826) at 8201 NW 56th Street, Doral, Florida, 33166.

The total size of this Doral warehouse space is about 28,500 square feet including 7,500 sq. ft. of office space. The salient features are fully sprinkled; fully fenced and gated site with a large yard area that sits on 1.5 acre; 21 loading docks plus 1 loading ramp; and heavy electric.  The original asking lease rate for this Doral warehouse is at $7.95 psf industrial gross.

Contact the Miami Warehouse Team for more info and to tour at 786-433-2380.

One of the newest industrial parks in Miami will be Flagler Logistics Park. The 60 acres site is located off NW 36th Street and 72nd Avenue near the Palmetto and Dolphin Expressways. It’s close proximity to these expressways and Miami International Airport is a big selling point for the park. In addition, the property is rail-served by FEC railroad. Expect over 1,000,000 square feet of industrial warehouse to be constructed there eventually. The property is represented by Flagler Real Estate Services.

Flagler Logistics Park is ideal for Miami logistics, freight forwarders, importers and exporters, 3pl’s, light manufacturers and distributors who may need ready access to the railroad, airport and the Port of Miami. Below is an aerial photo…

ComReal represents The 7000 Building located nearby in Commerce Park at 7000 NW 33rd Terrace, Miami. This 127,000 sq. ft. warehouse in Miami already exists and is rail served by FEC railroad. The property is for sale or lease. Special features include: all concrete construction including roof; fully sprinklered; heavy electric; extra trailer parking and/or storage; concrete mezzanine; over 12,000 sq. ft. of office space; dock height loading and ramp; high ceilings and more. Visit www.miamiairportwarehouse.com.

For more information on other Miami warehouses and the Miami industrial real estate market in general, please contact The ComReal Miami warehouse team at www.ComRealWarehouses.com or call 786-433-2380.