WareSpace Acquires $36.5 Million Worth of Industrial Properties to Expand into South Florida and Bay Area
WareSpace has acquired two industrial properties in Miami Gardens, Florida, and South San Francisco, California for a total investment of $36.5 million. These acquisitions will create over 210 flexible warehouse units across supply-constrained markets, supporting small businesses with access to appropriately sized space that is increasingly hard to find. The purchases add approximately 164,000 square feet to WareSpace's national footprint and bring the company’s total operational area to more than 3.2 million square feet across 34 facilities nationwide. The Miami property will serve over 125 small businesses in a high-traffic commercial corridor with direct access to major highways, while the Bay Area acquisition addresses severe shortages of small-bay industrial space. These moves follow WareSpace's recent $300 million capital commitment from Jadian Capital and its first portfolio-level acquisition earlier this year. The company plans to reposition both properties into flexible warehouse units ranging between 200-2,000 square feet with shorter-term leases and all-inclusive pricing.
Topics: industrial real estate small business support warehouse