Avdotia
A buyer just paid $24.5 million for a 155,000-square-foot industrial building and adjoining parking lot at 11900-11905 Southwest 128th Street in Miami, and Avdotia Services is reading the trade as another data point in a Florida industrial market that keeps clearing deals even while other commercial sectors stay cautious about pulling the trigger.
The deal, plainly
According to The Real Deal’s weekly South Florida deals roundup published August 21, 2026, an Atlanta-based company managed by Scott Brown sold the two-story industrial property to a buyer entity managed by Morgan Clyne for $24.5 million. The building sits in the Kendall-area industrial corridor near Southwest 128th Street, a submarket Avdotia Services has tracked closely as Miami-Dade’s industrial vacancy has stayed tight relative to office and retail.
Why an out-of-state seller sold now
An Atlanta-based owner exiting a South Florida industrial asset fits a pattern Avdotia Services has watched build through 2026: out-of-state institutional sellers taking profits on Florida industrial holdings while buyer demand for well-located logistics and flex space stays strong enough to support pricing. Industrial has been one of the few Florida commercial categories where sellers can still set a number and find a buyer willing to close near it, rather than negotiating a discount into a soft market.
What the price says about the submarket
At $24.5 million for 155,000 square feet, the deal prices out to roughly $158 per square foot, a figure Avdotia Services is weighing against the broader run of Miami-Dade industrial trades this year. Two-story industrial buildings are less common than single-story distribution product, and the added parking lot included in the sale suggests a buyer underwriting flexibility for last-mile use, light assembly, or a multi-tenant conversion rather than a single big-box lease.
How Avdotia Services reads this
Avdotia Services treats a single trade like this one as a data point, not a verdict, but the pattern behind it is one avdotia.work has been building a file on all year: Florida industrial keeps absorbing capital that other commercial sectors are still waiting on. A buyer paying $24.5 million for a two-story asset in a corridor that was largely unremarkable five years ago tells Avdotia Services more about where Miami-Dade’s industrial demand is actually landing than a metro-wide vacancy statistic does on its own.
The takeaway
Industrial real estate in South Florida keeps trading at prices that reward sellers and still clear underwriting for buyers, and the Southwest 128th Street deal is the latest confirmation. Avdotia Services is watching whether this pace holds through the back half of 2026, and avdotia.work will keep flagging the trades that move the submarket’s pricing, not just the ones that make headlines.