13th Floor Investments purchased a 44,849 square foot fully stabilized industrial building located in the Hialeah Gardens submarket of Miami, Florida. The property consists of four 5,000 square foot bays and one 24,849 square foot bay on a 1.82-acre site. The investment strategy consists of increasing net operating income by marking to market the in-place leases upon expiration, which are believed to be 30% below market.

This acquisition underscores 13th Floor’s commitment to strategic investments in high-demand, high-growth, high-barrier to entry markets, positioning them for long-term success within South Florida’s strong industrial landscape.