Largest Warehouse of Its Kind Up for Grabs

The industrial property includes 50,000 square feet of mezzanine space, 6,000 square feet of office space, and 14 dock height doors, and 22-foot clear ceiling height.

MIAMI— Hialeah’s emerging live-work-play area is hoping to attract industrial investors. The largest listed warehouse of its kind—and one of the few large-scale industrial assets in Miami-Dade County—is up for grabs. Avison Young just listed the 250,000-square-foot office /warehouse building. Jay A. Ziv , senior vice president of the firm, is leading the charge. The industrial asset is located at 1000 Southeast 8 ^th Street, about one mile from the Miami International Airport. “This unique asset is positioned in the ideal location, with its close proximity to Miami International Airport and Port Miami, making it an attractive investment opportunity for industrial buyers and owner and users,” Ziv tells GlobeSt.com. “Due to PortMiami and Panama Canal expansions, city and county officials anticipate significant increases in the cargo coming through Miami which will bode well for the entire County, including property owners and businesses. The industrial property includes 50,000 square feet of mezzanine space, 6,000 square feet of office space, and 14 dock height doors, 22-foot clear ceiling height. The asset recently underwent $2 million in capital improvements. The location offers tenants access to State Road 112 (Airport Expressway), State Road 836 (Dolphin Expressway), State Road 826 (Palmetto Expressway), Interstate 95, and Florida’s Turnpike and other major thoroughfares. “The strength of Port activity—both in cargo and in people—has been driving the local economy for decades,” Ziv says. “According to the Beacon Council, Miami-Dade County’s official economic development partnership, there has been a 13% increase in cargo traffic since 2009.” Falic Fashion Group and its related companies currently own and occupy the building. Ziv brokered the sale of the property to Falic 2008. “The asset is perfectly situated within Hialeah Market Station, an 80-acre transit-oriented development Overlay District to accommodate mixed-use projects and is within walking distance to the Tri-Rail station.” says Ziv. “The attributes of this live/work overlay district, combined with the new mixed-use zoning in the area allowing for greater density at up to 15-story heights, make this a rare investment opportunity. Future redevelopment possibilities include commercial, retail, and/or residential uses.”