The 15,090-square-foot building includes 3,000 square feet of executive office space with 22’ high ceilings. The property also has four (4) dock-height doors with a covered loading platform.
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The investor/developer paid $14 million for an asset in northwest Miami-Dade.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
Construction on the new warehouse is expected to start towards the end of 2022 and take about a year to a year and a half to complete.
The 105,365-square-foot warehouse sold for $19.5 million.
A 127,150-square-foot warehouse/distribution facility will be built on one of the last remaining parcels within International Corporate Park.
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