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| Tom Kimen |
DORAL, FL — Easton & Associates, the commercial real
estate brokerage division of The Easton Group, arranged the sale of a 106,000
square foot industrial property in Miami Lakes, FL. The purchase price was $8.35 million or $78 per square feet.
Easton &
Associates Vice President Tom Kimen represented the seller, 3B
Associates, a real estate investment partnership.
The buyer is Safari Topia, a manufacturer of educational
toys and figurines. Kimen said Safari
Topia will conduct its business operations from the new facility. The company had been located just a few
miles away, but decided to purchase its own building once its lease came up for
renewal.
“With interest rates
still at historic low levels, it makes a lot of sense for some businesses to
own their real estate,” said Kimen. “In
the short term, they get reduced monthly payments, and in the long term, they
get the appreciation of the asset.”
The property is
located at 5960 Miami Lakes Drive in the Miami Lakes Industrial Park.
For a complete
copy of the company’s news release, please contact:
Todd Templin
Boardroom Communications
954-370-8999/954-290-0810
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