Casal Group, as exclusive agent for the owner, is offering the Lakes Edge Innovation Center for sale. The property is a modern, boutique mixed use industrial campus totaling approximately 80,158 square feet on 5.34 acres, located in the highly desirable Doral/Airport West submarket of South Florida. Originally developed between 1979 and the 1980s as an aircraft parts manufacturing facility, the property has been continually modernized to attract high-quality, high-paying tenants. Upgrades include storefront glass, landscaping, HVAC, ample parking, and substantial power capacity. The tenant mix spans medical products, pharmaceuticals, life sciences, laboratories, and high-value logistics. Uniquely, tenants have made significant capital investments in their own spaces, with most leases completed on an “as-is” basis since 2020. Existing buildouts include
clean rooms, heavy power infrastructure, pharmaceutical vaults, high-end offices, FDA-approved labs, and a professional-grade soundstage.
OFFERING HIGHLIGHTS
• Ideal mix of highly functional spaces
• Property continues to be “re-imagined”, attracting higher paying & longer-term tenants
• Diversification of tenants proves the property’s wide range of upscaled uses
• Convert leases to a NNN lease structure to ensure full expense recoveries
• The property’s units are highly improved and below market value
• Serene lakefront setting & lush curb appeal (typically not available for these uses)
• Significant existing revenue stream in place for a new owner
• Continue to move the proposed uses up & into higher rents
LOCATION HIGHLIGHTS
Excellent Leasing Velocity & Diverse Tenancy
• Doral has virtually no vacancy in any asset class
• Unprecedented rental growth over the past 18 months
• Very limited new supply of any new space. None of which accommodates smaller tenants.
Tremendous Growth for Industrial, Tech & Office
• Doral is experiencing some of the highest levels of population growth in the nation
• Doral has delivered and continues to deliver 1,000’s of new homes
• Doral has very high barriers of entry with extremely high land and construction costs
Exceptional Nearby Amenity Base
• Wide range of dining options, from QSRs and coffee shops to full service sitdown restaurants and bars, and Dolphin Mall, including: Flanigan’s Seafood Bar & Grill, Chili’s, Il Forno Ristorante, Five Guys, Novecento, Savour, Macondo Coffee Roasters, Top Golf, and more.
• Tons of nearby hotels including: Trump Doral International, Courtyard by Marriott, Holiday Inn, Hilton Garden Inn, Inter-Continental, Marriot’s Villas at Doral, DoubleTree by Hilton, Hampton Inn & Suites, and many more.