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The Easton Group & LBA Logistics Acquire Industrial Property In Doral For $19.5M

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SOLD
$19,500,000

Florida

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Industrial105,365 SF
Sold 08/27/2021
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SOLD

The Easton Group & LBA Logistics Acquire Industrial Property In Doral For $19.5M

9880 Northwest 25th Street, Doral, FL 33172, USA

See Similar Deals
Industrial105,365 SF
Sold 08/27/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$185
Total Square Footage:105,365 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 9880 NW 25th Street in Doral. The sale was finalized on August 27, 2021, with a sale price of $19,500,000. This asset has a total square footage of 105,365, resulting in a price per square foot of $185.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $19,500,000
  • Buyer: The Easton Group & LBA Logistics
  • Seller: Badia Spices
  • Buyer's Representative: Dalton Easton - Easton & Associates
  • Seller's Representative: Hani Jardack - Jardack Commercial Realty

The transaction was executed with The Easton Group and LBA Logistics acting as the buyers, while Badia Spices served as the seller. Dalton Easton and Hani Jardack represented their respective clients in this deal, facilitating the successful transfer of the property between the involved parties.

Players

Dalton Easton
5 deals$70.2M volume(305) 878-7329
BROKER

Hani Jardack
2 deals$39M volume(786) 487-3098
BROKER

LBA Logistics
BUYER


Details

SOLD
IMAGE: Dalton Easton DATE: 08/27/2021 ADDRESS: 9880 NW 25th Street MARKET: Doral ASSET TYPE: Industrial BUYER: The Easton Group & LBA Logistics SELLER: Badia Spices BUYER'S REP: Dalton Easton - Easton & Associates SELLER'S REP: Hani Jardack - Jardack Commercial Realty SALE PRICE: $19,500,000 SF: 105,365 ~ PPSF: $185

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38