Sagard Real Estate Expands U.S. Industrial Footprint with Miami Acquisition
Sagard Real Estate, a leading real estate investment advisor, has announced the acquisition of a 186,731-square-foot Class A light manufacturing and headquarters facility located at 11102 NW South River Drive in Miami, Florida. This strategic purchase underscores Sagard’s ongoing efforts to grow its industrial portfolio in high-demand markets across the United States.
The acquisition represents a significant addition to Sagard’s industrial holdings, further cementing the firm’s presence in the Miami market, which is recognized as one of the most dynamic and supply-constrained industrial markets in the country.
Property Overview
The acquired property, built in 2019, is situated on approximately nine acres and comprises three distinct buildings. Each building is designed to support light manufacturing operations as well as office and headquarters functions. The facility is fully occupied by the seller, SeaVee Boats, a globally recognized South Florida brand known for producing high-end custom sportfishing vessels.
As part of the closing agreement, SeaVee executed a long-term lease, ensuring continued occupancy and stable cash flow for the new owner. This lease demonstrates confidence in the property’s quality, location, and functionality, offering Sagard Real Estate a secure, mission-critical tenant in a key industrial hub.
Modern Industrial Specifications
This Miami facility features modern industrial specifications tailored to high-performance manufacturing and operational needs. The property includes 27-foot clear heights, heavy three-phase electrical power, and ESFR sprinkler systems, which provide fire protection throughout the warehouse areas.
The facility also offers conditioned warehouse space, ensuring that sensitive manufacturing processes and equipment can operate efficiently. Secured parking and yard areas are included, further enhancing operational functionality and safety for employees and logistics operations. These features collectively position the property as a best-in-class industrial asset within the Medley submarket.
Strategic Location in Medley
The property is located in Medley, one of the most sought-after industrial submarkets in Miami-Dade County. The site provides direct frontage along Okeechobee Road, allowing for high visibility and convenient access for employees, clients, and logistics partners.
Moreover, the property’s location offers immediate connectivity to the Florida Turnpike and Palmetto Expressway. This strategic positioning enables efficient transport to key regional infrastructure, including Miami International Airport and PortMiami, supporting strong demand from distribution, manufacturing, and specialized industrial users. The infill location within Medley ensures that the property benefits from a limited supply of industrial land, reinforcing its long-term value.
Market Context and Demand Drivers
Miami’s industrial market continues to demonstrate strong fundamentals, driven by population growth, robust tenant demand, and limited availability of infill land. The city’s constrained supply and high demand make it one of the most competitive industrial markets in the United States.
Within this broader market, the Medley submarket consistently exhibits high occupancy rates and stable rent growth, making it highly attractive for institutional investors. Sagard Real Estate’s acquisition of this Class A facility aligns with its strategy to acquire industrial assets in markets that combine growth potential with long-term stability.
Tenant Profile: SeaVee Boats
SeaVee Boats, the facility’s tenant, is an iconic South Florida company celebrated globally for its custom sportfishing vessels. The brand has built a reputation for innovation, quality, and excellence in manufacturing, making it a mission-critical occupant for the property.
By securing a long-term lease with SeaVee Boats, Sagard Real Estate ensures a stable revenue stream while also benefiting from the operational expertise and reputation of a well-established industrial tenant. This alignment of asset quality, tenant profile, and market positioning underscores the investment’s strategic value.
Strategic Significance of the Acquisition
According to Matt DiVito, Director of Acquisitions at Sagard Real Estate, “Miami continues to be one of the most dynamic and supply-constrained industrial markets in the country. This acquisition adds a newly constructed, mission-critical manufacturing facility in the premier Medley submarket, secured by a long-term lease with contractual rent growth. We believe the asset’s modern functionality and strategic infill location position it well within our expanding industrial portfolio.”
The acquisition supports Sagard Real Estate’s broader investment strategy of targeting high-quality industrial assets in markets with limited supply and strong demand. By focusing on properties that provide operational flexibility, modern specifications, and strategic locations, Sagard aims to enhance both its portfolio performance and long-term returns.
Long-Term Investment Potential
Miami’s industrial real estate market is particularly attractive for long-term investors due to its limited land availability, growing population, and strategic access to transportation and logistics infrastructure. The Medley submarket, in particular, offers a strong combination of stability, occupancy growth, and rent appreciation potential.
Sagard’s acquisition of the 11102 NW South River Drive facility not only adds a modern, Class A asset to its portfolio but also provides exposure to a tenant with a robust and globally recognized brand. The long-term lease ensures predictable income while positioning the property for continued appreciation in value as demand for industrial space in Miami remains strong.
Transaction Representation
Sagard Real Estate was represented in the transaction by Joel Kattan and Anthony Peragine of SVN Commercial Realty. Their expertise facilitated a smooth closing process, ensuring that the acquisition aligns with Sagard’s strategic objectives and market positioning.
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