Saltbox has expanded its footprint with a new co-warehousing facility in Doral.
The 31,000-square-foot space marks the company’s 11th location and its entrance in the Miami market, providing flexibility for small businesses in the community.
The Saltbox facility is within a 423,022-square-foot building, constructed in 1992. This property is part of the Prologis Beacon Centre—a 205-acre master planned industrial park.
Saltbox Doral includes 68 flexible warehouse suites, conference rooms, flex storage, loading docks, a photo studio, controlled access and on-site surveillance. The suites are available in various sizes, ranging from small units for entrepreneurs—between 70 and 500 square feet—to medium suites for growing operations—up to 1,000 square feet—and large spaces for up-and-running businesses, of more than 1,000 square feet.
Located at 1701 NW 84th Ave., the facility is west of downtown Miami and provides access to U.S. state roads 836 and 826. Miami International Airport is less than 7 miles away.
Journey Of A Co-warehousing Startup
Saltbox opened its first co-warehousing space back in 2019 with the first location in Atlanta, a 27,000-square-foot facility. At the time, the company had closed $3.2 million in its first round of venture capital financing. In statements provided to Commercial Property Executive in 2019, Co-Founder & CEO Tyler Scriven pointed out Saltbox’s business drive, which reflected the need of bringing together in one space functionality, comfort and convenience.
Members using Saltbox locations are mostly e-commerce companies from industries such as fashion and apparel, home goods, health and beauty or tech, selling products directly to consumers. Almost 75 percent of the businesses are led by women or people of color.
In 2021, the company expanded its footprint by opening several other locations in Los Angeles, Denver, Dallas-Fort Worth and Seattle, and also closed its Series A round of $10.6 million in March. In November 2022, Saltbox announced a $35 million Series B that brought its total funding to $56 million. The investment was led by Cox Enterprises and Pendulum, with additional commitments from Playground Global, XYZ Capital, Lincoln Property Co. and Wilshire Lane Capital, among others.
Also in 2022, the company expanded in other cities across the U.S., including new locations in Alexandria, Va., Carrollton, Texas, Minneapolis, Minn., and a second facility in Atlanta. Since the beginning of 2023, Saltbox opened a location in Arden Hills, Minn. and plans to expand this month with a new co-warehousing space in Tempe, Ariz.
Source: Commercial Property Executive