warehouse in miami

Miami Industrial Real Estate Market Report Third Quarter 2016

Ed — Wed, 26 Oct 2016 01:52:06 +0000

In this 3rd quarter of 2016, Miami’s industrial real estate market experienced another increase of average lease rates to $9.41 per sq. ft. and a decrease in the average vacancy rate to 3.9%. Nearly one million square feet of warehouse space was absorbed mostly by larger, national companies. Over four million square feet of new warehouse space is under construction which is a very impressive amount. Tenants continue to migrate from older, less functional, class B warehouse spaces to newer, more efficient, class A warehouse spaces. There is more activity for spaces over 50,000 sq. ft. than under. Local, mid-sized companies seem to be outperformed by national, larger companies.

The largest sale of the quarter was the disposition of South Florida Logistics Center by Flagler Development to J.P. Morgan Asset Management. The property consists of six buildings totaling 867,343 sq. ft. The sale price was $209,015,000 or about $240 per sq. ft. The largest lease transaction was by Amazon.com who leased a new 860,000 sq. ft. warehouse space in Opa Locka.

Overall, the industrial real estate market will finish strong this year. However, residential Realtors are already reporting a slow down which could be another signal that the commercial real estate market may follow. In addition, a looming 2017 recession and the presidential election continue to cause anxieties with the decision making process. Will the country choose more governmentism or the free-market principles of Americanism?

In case you missed our prior report, click this link for ComReal’s Miami Industrial Real Estate Report for the 2nd Quarter of 2016. >>>

“Our team would like to hear from you. There is always room for improvement, and we would like to make this report better for you. Follow the link below to complete a short survey to help us serve you better. It should only take 2 minutes. Thank You!” Click here to TAKE SURVEY >>>

Miami Warehouses Sold in 3rd Quarter 2016 (partial list):

Buyer	Size SF	Property Address	Sale Price	$ PSF
Miami Produce Center	155,495	1335 NW 21 Terrace	$16,020,000	$103
Packaging Corporate of America	149,226	3400-3500 NW 110 Street	$12,000,000	$80
CBS Labs Express LLC	47,477	6500 NW 77 Court	$5,500,000	$116
Innovair	44,284	11460 NW 39 Street	$6,100,000	$138
JC Toys Group Inc	34,049	2841 NW 107 Avenue	$4,500,000	$132
American Cosmetics	32,207	8881 NW 13 Terrace	$3,775,000	$117
Asimex International LLC	26,600	12320 NW 116 Avenue	$3,500,000	$132
GC 9590 Doral LLC	25,196	9590 NW 25 Street	$4,000,000	$159
Elemental Properties, LLC	24,871	8600 NW 93 Street	$3,500,000	$141

Top New Miami Warehouse Listings of this Quarter:

Property Address	Size SF	Lease Rate	Details
2750 NW 84th Avenue, Doral	70,000	TBD	Class A rear-loaded warehouse on 3.6 acres in Transal business park. 8,000 sq. ft. office space. Near MIA.
213 SE 10th Avenue, Hialeah	70,000	$5.00 PSF	Class B warehouse. Dock height, Heavy electrical power.
8820 NW 33rd street, Doral	50,000	TBD	New construction. 35′ clear ceilings in Westpointe Business Park. Near MIA.

Contact us anytime via email or phone at 786-433-2380 for other industrial properties available.Thank you!

Featured Property: The Redland Warehouse

For Sale! 55,600 sq. ft. warehouse on over 14 acres located in Redland, Florida. This property’s bonus features include extra land, both industrial and agricultural zoning, refrigerated warehouse space and CSX Railroad. Be sure to watch our aerial drone video on the property.

Vote Trump-Pence for 2016 and “Make America Great Again”!!!

The post Miami Industrial Real Estate Market Report Third Quarter 2016 first appeared on Miami Industrial Team.

W. E. Johnson Equipment Company in Florida

Ed — Sun, 08 Jul 2012 15:31:50 +0000

W. E. Johnson Equipment Company is an equipment distributor with four warehouses in Florida that has been in business for over fifty years . They are now headquartered at their warehouse in Doral, Florida. Their equipment markets include material & boat handling and construction. Brands include Komatsu, Bobcat, Marine Travelift, Clark, Shuttlelift with products such as forklifts, boat lifts, transporters, lift trucks, compressors, gantry cranes, excavators, hoists, tractors and much more construction equipment. W. E. Johnson also offers parts replacement and service repairs.

We highly recommend them for all of your equipment needs. Please feel free to join one of the many satisfied customers of W. E. Johnson Equipment Company. by visiting their website at www.wej-fl.com or contact them at 305-882-7000. Their warehouse in Miami is located at 7801 NW 52nd Street in Doral, FL.

The post W. E. Johnson Equipment Company in Florida first appeared on Miami Industrial Team.

Agrinova Company Grows its Warehouse in Miami

Ed — Thu, 27 Jan 2011 04:23:54 +0000

Agrinova Company completed the acquisition of its warehouse in Miami on December 13th, 2010. The company is expanding its operation as the demand for vegetable seeds in the Caribbean and Latin America is growing rapidly. Agrinova will relocate from its current location at 8530 NW 66th Street to its newly acquired location at 3347 NW 74th Avenue. “Our company has been able to grow during this recession, greatly in part to the continuous demand for seeds globally, especially in the Caribbean and Latin America.” mentioned Aldo Suarez, CPB, manager for Agrinova’s Miami warehouse operations. For more info, call 305-629-8390 or visit www.agrinovaseed.com.

Agrinova Company was represented by ComReal’s Miami Warehouse Team. “We understood the unique requirements and using our market knowledge we were able to find the right property. The current market conditions also benefited Agrinova to acquire the property at a great price.” commented Edison Vasquez. The property acquired was at 3347 NW 74th Avenue; a 5,858 sq. ft. warehouse located only blocks from Miami International Airport. The property was purchased for $545,000 (+/- $93/SF). Fairchild Partners Inc. represented the seller, Force Investment 3345-3347, LLC. For additional details on this sale and for information on other properties available, contact the Miami Warehouse Team at 786-433-2380.

The post Agrinova Company Grows its Warehouse in Miami first appeared on Miami Industrial Team.

Miami Cooler Warehouse

Ed — Thu, 09 Dec 2010 03:34:58 +0000

This Miami warehouse is complete with coolers making this an ideal refrigerated distribution center for perishables. The total size of the space is 53,000 square feet including 11,000 sq. ft. of office space and 42,000 sq. ft. of warehouse space. The property is located at 2011 Northwest 70th Avenue in the Miami industrial real estate market located near Miami International Airport. According to MIA air cargo statistics: over 70% of perishables, 86% of flowers and 70% of fruits & vegetables are imported into the United States via MIA. Learn more by clicking here: Miami’s Air Cargo.

The refrigerated warehouse in Miami is now available for sub-lease for an asking rate of $8.50 per square foot on an industrial gross basis. It was previously occupied by Dole Flowers, Sunburst Farms and Trans World Forwarding. Neighbors include Armellini Express, Mayrshon International, Flying Foods, Gate Gourmet and more. The warehouse space has ten dock height loading doors; 19′ clear ceilings and is fully sprinklered. This warehouse is ideal for the distribution of perishables, flowers, foods, beverages and produce. For more information for this Miami cooler warehouse space and others, please contact The Miami Warehouse Team at 786-433-2379 and/or visit www.MiamiCoolerWarehouse.com

The post Miami Cooler Warehouse first appeared on Miami Industrial Team.