SOLD
Easton Group Acquires Doral Square Office Building For $28.5M
8700 Northwest 36th Street
Office
220,553 SF
220,553 SF
Sold 127 days ago
Summary
Sale
FLORIDA
Office
220,553 sqft
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.
Players
All
1
Lenders
1
Details
SOLD
IMAGE: Edward W. Easton & Jeff Shaw
DATE: 01/02/2024
ADDRESS: 8700 Northwest 36th Street
MARKET: Doral
ASSET TYPE: Office
BUYER: Edward W. Easton - Easton Group
SELLER: Jeff Shaw - Bridge Investment Group
LENDER: New Wave Loans
SALE PRICE: $28,500,000
SF: 220,553 ~ PPSF: $129
NOTE: Doral-based commercial real estate firm Easton Group, through its affiliate EAE Office, has purchased the Doral Square office building for $28.5 million from BOF FL Doral Square LLC, reflecting a discount from its 2019 sale at $37 million. The 220,553-square-foot complex, with 141,205 square feet of leasable space, is 87% occupied, and the acquisition presents an opportunity for rent growth in the bustling Doral office market.View on map
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Address8700 Northwest 36th Street
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