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9880 Northwest 25th Street,...

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

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

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

$19,500,000

$185/SF

Building Size

105,365 SF

Asset Type

Industrial

Closing

Aug 27, 2021

AI

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

The Easton Group

Broker

$70.2M

vol

5 deals

Broker
LBA Logistics
LBA LogisticsBuyer

Doral Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93