Overview
Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the opportunity to acquire Medley Palms Business Center (the “Property”), a ±8.56-acre infill industrial site improved with a 44,075 SF multi-tenant small bay warehouse building complemented by a contiguous industrial outdoor storage (IOS) yard fronting NW 106th Street in Medley, Florida. The Property represents a compelling opportunity to acquire scale and optionality in one of the nation’s most supply constrained markets, supported by durable in-place cash flow, separately monetizable IOS income, and ground-up redevelopment potential.
Investment Highlights
Irreplaceable Position in Miami-Dade’s Most Supply-Constrained Industrial Submarket
- ±8.56-acre infill site in Airport North/Medley, running only 7.2% vacant.
- Small bay remains the most structurally undersupplied segment in Miami, shielding rents and occupancy from the broader cycle.
- Blue-chip neighbors: Prologis, Link Logistics, Terreno, Ares, Brookfield, JP Morgan, Morgan Stanley, and TA Realty.
One-of-One Asset with Best-in-Class Connectivity
- 44,075 SF small-bay plus a contiguous ±4.56-acre IOS yard, paved, lit, and fenced. A rare pairing in Miami-Dade.
- CMU construction, 18' clear, 12 grade-level doors, sprinklered, minimal deferred maintenance.
- NW 106th Street frontage with Turnpike, Palmetto (SR-826), and Okeechobee (US-27) access. MIA, PortMiami, FLL, and Port Everglades within 30 minutes.
Embedded Mark-to-Market and Multiple Paths to Value Creation
- In-place rents nearly 30% to over 40% below market with less than 1 year of WALT.
- Immediate upside through lease-up across 14,033 SF (31.8% of RBA) of vacancy.
- IOS yard income can carry the site through entitlement while reducing basis, or stabilize and hold as covered land.
- Acquire below replacement cost with plans spanning stabilization, owner-user, long-term IOS, redevelopment, or bifurcation.
Photo Gallery
For more information, please contact:
