CenterPoint Properties has announced the acquisition of a 17.14-acre land site in the Miami-Dade County submarket.
Located at 3200 NW 67th Avenue in Miami, this site is currently 100% leased to a leading e-commerce retailer.
Located in the highly coveted “Airport West” submarket of Miami-Dade County, the property is directly adjacent to Miami International Airport (MIA) with easy access to major thoroughfares including the Palmetto Expressway, the Dolphin Expressway and I-95. With convenient access to the Port of Miami and major population centers, the site also provides extensive parking capacity, which is a unique feature for the submarket.
“As high throughput and e-commerce tenants continue to expand their network, ancillary parking lots in infill markets will become a necessity in the last-mile supply chain,” said Evan Lippow, Vice President of Investments at CenterPoint.
CenterPoint has continued to strengthen its presence in the South Florida market, investing approximately $400 million across 9 transactions since 2017. The CenterPoint portfolio in South Florida now totals 3.3 million square-feet on 205 acres in Broward and Miami-Dade Counties.
“We remain committed to investing in the South Florida industrial market and are excited to add this parking asset to our portfolio. Long-term we believe this site also has great development potential for transloading or cross-dock tenants given its premier location,” said PJ Charlton, Senior Vice President of Investments at CenterPoint.