Medley

Gratigny Industrial Park - 3.8 Acres

NW 119th St & NW 97th Ave, Medley, FL

Public folio mask: 22-3022-***-8200

Under Screen

Ask

$7.2M

◉Broker

Acreage

3.80 acres

◉Broker

Land basis

$43.50 / SF

Diligence score

7.0 / 10

Underwriting notes

Already industrial, though the operator-fit story is narrower than true IU-1 options.

Fit to Corridor Memo

Supported exit

$67.80 / SF

Spread to corridor exit

$24.30 / SF

Current zoning

IU-2

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 IU-2 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

Traded • 2025-05-27

◉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

Traded • 2024-12-30

◉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 Research • 2026-02-26

✓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

JLL • 2025-08-22

✓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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Gratigny Industrial Park - 3.8 Acres