Development Opportunity | 3.723 Acres 2 1 8 0 N W 3 5 t h S t r e e t , M i a mi, F L 33142 Brent L.Hensley |760-473-0520 |
[email protected] 216 N. Coast Hwy 101 , Encinitas, CA 92024 Florida Broker of Record: Foundry Commercial, LLC investmentoverview PURCHASE PRICE | $14,000,000 Available for purchase are two parcels with the primary parcel being 2.765 acres and the second property comprising of approximately 0.958 acres for a total of 3.723 acres. The property is situated in the middle of the 220 acre Beacon Lake Industrial Park. Since 2015, a Miami based developer has purchased almost 24 acres adjacent to the west of the subject properties and a San Francisco REIT has recently purchased over 9 acres adjacent and east of the subject properties for future development. The area around Palmer Lake, east of Miami International Airport (MIA) and the Miami Intermodal Center (MIC), is centrally located within Miami-Dade County. While the Palmer Lake area has for many years been home to businesses related to the airport, with the development of the Miami Intermodal Center (MIC), their operating environment has greatly changed, leaving many properties now vacant and suitable for new uses. With the relocation of rental car operators into the MIC, and the connection of the MIC to the airport by an automated people mover, the relationship of airport users to the region’s transportation facilities has been transformed. Where one the most obvious means for a visitor to Miami to travel beyond the airport was only by private car, now a visitor will leave MIA, enter the MIC, and be presented with a range of transportation options.