The Easton Group and LBA Logistics have acquired a warehouse located at 9880 NW 25th St, Miami, FL, 33172, in the Doral market for $19,500,000.00. The property spans 105,365 square feet and includes features such as air conditioning throughout, solar panels on the roof, 26-foot clear heights, and 192 parking spots. Additionally, 12,000 square feet of the building is designated for office space. Built in 1998, the warehouse was previously occupied by Badia Spices, which has vacated the property. The Easton Group plans to market the facility for a new single-user tenant.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $19,500,000.00
• Address: 9880 NW 25th St, Miami, FL, 33172
• Market: Doral
• Buyer: The Easton Group
• Seller: Badia Spices
• Buyer's Rep: Dalton Easton
• Seller's Rep: Hani Jardack
• Square Footage: 105,365

This transaction marks the second joint venture between LBA Logistics, based in Irvine, Calif., and the Doral-based Easton Group in South Florida. In addition to this acquisition, they are also collaborating on a ground-up development of a 266,760-square-foot warehouse in Hialeah Gardens, Florida, which is set to be delivered in the second quarter of 2022.