Cap Rate for Industrial Properties from 10,000 to 50,000 square feet in Miami-Dade County for the 10 Years Ending 2015
The capitalization rate (cap rate) for mid-market industrial properties in Miami-Dade County (10,000 to 50,000 square feet) drifted to just under 7% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates over the past few years have moved between 6% to 8% midpoint, and of late have crept up from under 6% a few quarters prior.
Top Buyers, Sellers
The top buyers of industrial properties (listings, trends) in Miami-Dade County from 10,000 to 50,000 square feet per Costar as of February 26, 2016 include: Thor Equities; The Rockefeller Group; Terreno Realty Corporation; CoFe Properties LLC; Falcone Group; IMC Equity Group; East End Capital Partners, LLC; The Carlyle Group; Alecta; Seagis Property Group LP. Top sellers of properties within Miami-Dade County with these characteristics in this same period were: The Rockefeller Group; IMC Equity Group; Lehman Pipe and Plumbing Supply; Tristar Capital; Ferretti Group; Bertram Yacht, Inc.; CAS Management Group; Sterling Arriaga Warehouses; Marc Kovens; CMG Capital.
Chart courtesy of Costar.