Cold Storage & Temperature-Controlled Warehouse Brokerage in South Florida
Cold storage is the hardest industrial product to find, price and build in South Florida, and it is a Smith Commercial Property Group specialty. Miami is the gateway for Latin American perishables, pharmaceuticals and seafood, and freezer and cooler space near Miami International Airport, PortMiami and the Doral-Medley corridor stays scarce. We help operators lease and buy it, help owners sell and lease it, and help investors value it correctly.
What we handle
- Freezer (-10°F to 0°F), cooler (34°F to 45°F) and multi-temperature facilities.
- Leasing of existing cold storage, including sublease and second-generation space.
- Sales of operating facilities and sale-leasebacks for operators.
- Conversions: evaluating dry warehouses for insulated panel, refrigeration and power upgrades, and negotiating landlord contributions.
- Build-to-suit site selection and land for new cold storage development.
What makes cold storage different
Power (three-phase service and amperage, with FPL upgrade lead times), refrigeration systems and maintenance history, insulated floors and vapor barriers, dock seals and air curtains, blast-freeze capacity, ammonia versus Freon systems and their insurance implications, and operating costs that can run several times those of a dry warehouse. We walk every facility with these in mind so there are no surprises after signing.
Recent work
An approximately 25,000-square-foot freezer cold storage lease at 501 Miami Gardens Drive, North Miami, and a $29 million cold storage transaction in Miami-Dade, among others. See Closed Transactions.
Who we serve
Food importers and distributors, seafood and produce wholesalers, pharmaceutical and life-science logistics, grocery and restaurant supply, floral importers, and investors targeting the cold storage asset class.
Need freezer or cooler space, or own a facility and want to know what it is worth in today's market?