KB

KEY BAY CAPITAL

Investor Room

Pipeline and parcel diligence

Beacon Lakes Adjacent - 8 Acres site preview

Medley

Beacon Lakes Adjacent - 8 Acres

Beacon Lakes area, Medley/Doral, FL

Public folio mask: 30-3022-***-2100

Under Screen

Ask

TBD

Unknown

Acreage

8.00 acres

Estimated

Land basis

TBD

Diligence score

6.3 / 10

Underwriting notes

Higher-upside assembly thesis near Beacon Station precedent, but diligence burden is materially heavier.

Fit to Corridor Memo

Supported exit

$67.80 / SF

Spread to corridor exit

TBD

Current zoning

GU

Target zoning

IU-1

This screen inherits the corridor-level power, cap-rate and rack-rate assumptions from the corridor memo. It is not presented as a parcel-specific appraisal or utility commitment.

Open full corridor memo

Execution Checklist

1. Verify zoning path

Confirm whether the site clears today under GU or needs a conversion into IU-1.

2. Request utility letter

Corridor assumptions are only a screen. No IC committee should rely on them without a parcel-specific utility response.

3. Environmental gate

Run Phase I before hard pursuit on any non-core parcel, especially in Opa-Locka or conversion-heavy Medley screens.

Source Stack

Simi Capital Pays $31M for 10.5-Acre Medley Development Site

Traded2025-05-27

Broker

Broker-market comp used for Medley exit support. Derived land basis equals $67.80/SF on 10.5 acres.

Open source

Butters and First Industrial Acquire 21.35-Acre Site in Miami for $33.5M

Traded2024-12-30

Broker

Beacon Lakes-adjacent industrial development site comp. Read-through basis of roughly $36.01/SF on land area.

Open source

North America Data Center Trends H2 2025

CBRE Research2026-02-26

Verified

Primary-market average asking rate increased to $195.94/kW/month. Sites with power access inside 18-36 months are highly sought after. Powered sites in Northern Virginia and the Northeast exceeded $8 million per acre.

Open source

Data center availability crisis deepens as vacancy hits historic low

JLL2025-08-22

Verified

JLL says North America inventory reached 15.5 GW in H1 2025 and average asset-level cap rates held around 6%.

Open source

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