Genet Property Group has selected Cushman & Wakefield’s South Florida Commercial Team to bring to market the South Miami (SoMi) Industrial Portfolio. The portfolio comprises 11 buildings contained in four industrial parks: South Dade Industrial Center, Maksanim, Mak Too and Mak 3. Totalling 366,000 sqf, the portfolio features mostly small-bay facilities and is 97 percent leased. The facilities are clustered around a strategic industrial node serving Southern Miami-Dade County near the crossroads of Florida’s Turnpike and South Dixie Highway (US 1). The portfolio will go to market unpriced.
“The small-bay product format caters to the smaller entrepreneurial businesses that dominate the South Florida economy, where nearly one out of every 10 adults owns a business and small businesses are estimated to comprise roughly 90 percent of the economy,” said Miguel Alcivar, Cushman & Wakefield. “With more than 200 tenants, the portfolio’s critical mass of product offers true economies of scale and the flexibility to accommodate a wide variety of tenant sizes, industries and needs ranging from ‘quasi-retail’ and services to light manufacturing and self-storage,”
