Industrial Properties in Opa Locka
Opa-Locka is a city in Miami-Dade County, about a 15-mile drive north of Downtown Miami. The city is north of Hialeah and Westview, east of Miami Lakes, south of Miami Gardens, and west of Golden Glades. The industrial areas of Opa-locka have great access via the Gratigny expressway (FL-924) and I-95. The area serves as an excellent alternative for those looking for a warehouse facility in Miami, but at a more cost-effective price than warehouses located in Doral and closer to Miami International Airport.
Most of the properties in this area are either older big-box warehouses and distribution facilities or street level manufacturing facilities. However, in the past few years new Class-A projects such as Centergate at Gratigny, Eastview Commerce Center, and Carrie Meek Distribution Center have been built and very successful. Amazon recently opened its brand new 800,000 SF distribution center in Opa-locka next to Opa-locka Airport. Of note is Gratigny Logistics Center, which is a new project set to break ground in 2020. These new industrial parks offer attractive locations for tenants looking to do business primarily on the eastern side of Miami-Dade County.
While there are some deals to be had in industrial properties in older parts of Opa Locka, buyer beware because the City is in dire financial straits and this can have repercussions for businesses located there. Many of the new business parks are located within unincorporated Miami-Dade and not within the city limits of Opa Locka.
Market Overview
Miami Industrial Real Estate Statistics
Total Square Feet Inventory
250,000,000 SF
Average Sale Price
$157 psf
Under Construction
4,000,000 SF
Market Rent
$12.61 psf
Vacancy Rate
6.1%
Submarket Pros
The Opa-Locka district has excellent access to major highways, including FL-924, Gratigny Expressway, and the I-95 connecting businesses to various regions of Miami-Dade County. Newer developments in the area have excellent access to the eastern portion of the County.
Submarket Cons
There are a lot of older properties in Opa-Locka featuring the large big-box design buildings.
Is it for me?
Who is this Submarket for
Businesses looking to establish their headquarters close to Opa-Locka Airport will find lots of excellent investment opportunities in the region. Major highways that go through to the community offer convenient access to the rest of the city, including Downtown Miami which is a 13-mile drive away and the Miami International Airport, which is an 8-mile drive from the neighborhood. There are a lot of residential communities surrounding the city, offering lots of potential hires for employers looking to invest in the region.
Find Your Warehouse
Latest Warehouses For Sale in Opa Locka
$1,555,000
3406 151st Ter NW
$1,200,000
2560 Service Rd
$500,000
4980 10th Ln E
Latest Warehouses For Lease in Opa Locka
$14.50/mo
1230 Opa Locka Blvd E
Take the next step
Ready to take the next step?
Whether it’s investing in a new existing property, selling your existing property for top dollar, looking for land for new construction, researching available properties, or leasing a facility, our team is ready to help to take your business to the next level. Please feel free to reach out to our team for any commercial or industrial real estate questions today!
Meet the Locals
Who Lives in Miami-Dade County, Florida
Population
2,794,990
Median Age
40.7
Median Household Income
$53,537
Cost of Living Index Score
123.1
Bachelor's Degree or Higher
28.78%
Poverty Rate
14.26%
Nearby
Neighboring Businesses
Business Parks
Business Parks in the Area
| Business Parks | Property Type |
|---|---|
| Centergate at Gratigny | Warehouse Distribution |
| Seaboard Industrial Park | Warehouse Distribution |
| Eastview Commerce Center | Warehouse and Office Space |
| Gratigny Logistics Center | Warehouse Distribution |
| Amazon's Mega Warehouse | Warehouse Distribution |
Business Parks
Shopping Malls and Nearby Landmarks
| Business Parks | Type |
|---|---|
| Opa-Locka Airport | Regional Airport |
| Opa Locka Hialeah Flea Market | Public Market |
| Ingram Park | Public Park |
