Newly developed, front-load, multi-tenant warehouse/distribution building in Medley with excess land that provides parking/trailer storage or future development. Excess land is leased separately to a leading package delivery company.
Source: REIT's website
Below are the average cap rates per property type for the city of Miami, FL provided by CapRateIndex. The cap rate is updated frequently. To learn more, please visit CapRateIndex.
City | State | City Cap Rate | Multi-Family Cap Rate | Single-Family Cap Rate | Apartment Cap Rate | Commercial Cap Rate | Industrial Cap Rate |
---|---|---|---|---|---|---|---|
Miami | FL | 6.52 | 6.55 | 9.21 | - | - | 5.74 |
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