JLL Facilitates Sale Of 6.63-Acre Industrial Development Site In Miami-Dade County

JLL Capital Markets announced the $12.29 million sale of a 6.63-acre industrial development site at 14100 SW 136th St. in Miami.

JLL represented the seller, Baptist Health South Florida Inc., in the sale of the property to Hamilton Development Company.

The strategically located site sits adjacent to Miami Executive Airport, just three miles from the Florida Turnpike in the heart of Miami-Dade County’s thriving industrial corridor. The property offers immediate access to major transportation networks, including a six-minute drive to Don Shula Expressway and an eight-minute drive to Florida’s Turnpike, offering easy access to labor and allowing users to reach over 5.4 million people within a 90-minute drive.

The transaction involved subdividing a larger parcel through a covenant-in-lieu process. This allowed Baptist Health South Florida to retain ownership and continue operating its West Kendall Emergency Care Center on one portion of the property, while selling the 6.63-acre development parcel to Hamilton Development. The development site included a 37,400-square-foot office and warehouse building that was demolished by the buyer prior to closing to accommodate the new small-bay industrial construction.

The property is zoned IU-C (Industrial District, Conditional), permitting industrial, office, hospitality and automotive sales and leasing facilities. Additionally, the site can accommodate approximately 110,000 square feet of small-bay industrial space with a curated mix of spaces with grade-level and dock-high loading. Alternative development scenarios also contemplated a modern automotive dealership with showroom facilities and structured parking.

The JLL Capital Markets team was led by Executive Managing Director Manny de Zarraga, Managing Director Luis Castillo, Senior Director Cody Brais and Associates Michael Roukis and Taylor Osborne.

“The strength of bidding activity on this asset reinforces our conviction that Miami-Dade’s market continues to outperform on both a regional and national basis,” said Castillo. “Investors recognize that South Florida’s population growth trajectory, international trade advantages and severe land constraints create a perfect storm for sustained industrial real estate appreciation.”