The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
The property features a newly renovated, 14,056-square-foot warehouse with 12 drive-in doors, situated on an oversized lot with substantial frontage on Okeechobee (Route 27).
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
Seagis plans to break ground by year’s end on a modern, new 117,790-square-foot industrial building that caters to today’s industrial users.
Seagis plans to break ground on a 51,100-square-foot, state-of-the-art, highly functional industrial facility to complete the approximately 200,000-square-foot industrial park.
This acquisition expands Seagis’ South Florida regional foothold to 112 logistics properties, totaling more than 6 million square feet of investment-grade industrial space.
Seagis paid $9.4 million for the 2.78-acre lot.
The acquisition increases the company’s South Florida portfolio to 103 buildings totaling over 5.4 million square feet.
Seagis acquired the property vacant and is actively marketing the property for lease.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.
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