12860-12864 NW South River Dr
Medley, FL 33178
Medley Distribution Center · Industrial Property For Sale

CBRE, Inc, as exclusive advisor, is pleased to present for sale Medley Distribution Center (“The Subject Property”), an industrial distribution facility and warehouse condominium located just off Okeechobee Road and South River Drive in one of the very best industrial markets in Miami, Florida. The offering consists of ± 28,544-square-foot state-of-the-art facility with ± 24 feet clear height, 2019 roof which has a 20-year warranty, five loading docks, and a built-in 2-story 4,000 SF showroom/ office. The Property is currently occupied by a furniture company who will vacate within a short period after closing, offering significant space in a market that has very little available. The association, which consists of 3 separate owners, including the Subject Property, covers the roof maintenance, property insurance, and landscaping expenses. The local Medley submarket offers superior market fundamentals with rental growth of 21.6% over the past 12 months, easily exceeding the 7.8% average annual change over the past decade and vacancy at 3.6%. This creates an ideal option for an owner user looking for space in a significantly constrained Industrial market.