7730-7770 NW 72nd Ave
Medley, FL 33166
Industrial Property For Sale

Sorlan Realty, Inc. is pleased to present for sale Medley Business Center (the “Property”), a 40,000 square-foot multi-tenant, dock-height industrial warehouse property located at 7730 NW 72nd Avenue in Medley, Florida. The Property was constructed in 1972 and consists of four spaces ranging from 8,500 to 11,500 square feet. About 10 percent of the Property is built out as office space with the remainder consisting of warehouse space with clear heights of approximately 24 feet and 11 total dock height metal overhead doors. Medley Business Center is situated on NW 72nd Avenue, a high traffic north south corridor running from Okeechobee Boulevard to the north and the Hialeah expressway to the south. The subject Property sits directly across from the new Medley City Hall and just south of the future Midtown Center and other developments taking place within the submarket. The Subject Property which sits on about 57,598 square feet of land and is within a designated Opportunity Zone can also be developed in the future as a mixed-use concept as the city continues to grow. The city of Medley continues to be one of Miami’s best and fastest growing industrial markets, consisting of over 35 million square feet and a market vacancy rate of under 5 percent. Rental growth has been strong at over 27 percent over the last five years and over one million square-feet of positive absorption over the last 12 months. Significant land constraints have continued to put upward pressure on rental rates and development as taken some supply from the market. Medley provides business with direct access to all of Miami Dade with proximity to several significant roadways including the Palmetto Expressway, Hialeah Expressway and Okeechobee Boulevard