Easton Group Acquires Doral Square Office Building For $28.5M

The Doral Square office building located at 8700 Northwest 36th Street in Doral has been sold for $28.5 million. The buyer, Edward W. Easton's commercial real estate firm Easton Group, made the purchase through its affiliate EAE Office. The seller, Jeff Shaw, represented the Bridge Investment Group in the transaction.

Summary of transaction details

• Property Type: Office
• Sale Price: $28,500,000
• Square Footage: 220,553
• Price per Square Foot: $129
• Address: 8700 Northwest 36th Street, Doral
• Market: Doral

The sale was facilitated with the assistance of lender New Wave Loans. The 220,553-square-foot complex, which comprises 141,205 square feet of leasable space, is currently 87% occupied. This acquisition presents an opportunity for rent growth in the thriving Doral office market. It is worth noting that the property was sold at a discount from its previous sale price of $37 million in 2019.