A Walmart Lease and a $296/SF Portfolio Sale Confirm Miami-Dade's Infill Industrial Premium

Walmart just leased an entire newly built warehouse in Medley, and a 14-property Doral portfolio traded at nearly $300 per square foot, two deals that together confirm infill Miami-Dade industrial is trading at a real premium to the rest of the market. One is a demand signal and one is a pricing signal, and they point the same way.

Walmart takes a full building in Medley

Walmart signed a 16-year lease for the entire 130,150-SF building at a newly completed Seagis Property Group warehouse at 10900 NW 138th Street. The building offers 40-foot clear height, 46 dock-high doors and immediate Turnpike and Okeechobee Road access, modern specification in a location that is genuinely difficult to replicate.

A 16-year term is the detail worth noting. Commitments that long are a statement about the location’s durability, not just a space requirement, and they signal that major occupiers still see Medley as core to their South Florida distribution strategy. Walmart joins a run of large credit tenants absorbing newly delivered Class A product here, alongside Ryder’s roughly 409,000-SF commitment and recent aerospace leases.

The Doral portfolio trade

Midtown Capital Partners paid $86 million, or roughly $296 per square foot, for a 14-property, 300,000-SF industrial portfolio concentrated along the NW 54th/56th Street and NW 79th/82nd Avenue corridors. That price reflects strong demand for smaller, well-located infill buildings, not just large modern boxes.

Fourteen properties averaging just over 21,000 SF each is a very different asset from a single large warehouse, and it is being priced at a premium anyway. Scarcity of this product type in the Airport/Doral corridor is doing the work.

What this means if you own or are targeting Miami-Dade industrial

If you own infill industrial in Doral, Medley or similar corridors, buyer demand for this exact product type is intensifying, this is a strong environment to explore your options and understand where your building prices against these comparables. If you are a growing business, especially in aviation, logistics or manufacturing, securing space in this submarket before competition increases further is worth serious consideration.

For owners in these corridors, we handle the whole picture, leasing vacancy, listing the property when you are ready to sell, and managing it in the meantime.

Talk to our team about leasing, listing or managing Miami-Dade infill property →