The Easton Group recently acquired a 45,022-square-foot warehouse distribution facility in Medley for $16.82 million. The property, located at 12850 NW 113th Court, was previously owned by Frito Lay and will continue to serve as their tenant until they relocate to a larger facility in the near future. This transaction was finalized on December 20, 2023.
Dalton Easton of Easton & Associates’ brokerage division facilitated the sale on behalf of The Easton Group with Jeff Hartsook from Cresa representing the seller. Grove Bank and Trust provided financing for the acquisition through a $9 million loan.
Situated on a spacious 6.5-acre site just half a mile away from Florida Turnpike, this Medley facility boasts modern amenities such as 44 dock doors and an efficient loading ramp that allows for quick turnaround times for delivery trucks drivers. Built in1999,this property is ideal for businesses looking to streamline their distribution processes.
This news article originally appeared on Connect CRE.
