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Easton Pays $17M for Medley Distribution Warehouse – Connect CRE

by | Dec 21, 2023 | 0 comments

The Easton Group has acquired a 45,022-square-foot warehouse distribution facility at 12850 NW 113th Court in Medley for $16.82 million.  The seller is the chips and snack maker Frito Lay.  Frito Lay will remain a tenant for the time being but is planning to relocate to a larger facility soon.   The transaction closed December 20, 2023. 

Dalton Easton, an associate with Easton & Associates, the real estate firm’s brokerage division, arranged the sale on behalf of The Easton Group.  Jeff Hartsook of Cresa represented the seller. Grove Bank and Trust helped finance the acquisition with a $9 million loan.  

The Medley facility sits on a 6.5-acre site about a half mile from the Florida Turnpike.  Built in 1999, it has 44 dock doors and a ramp providing quick loading and turnaround times for delivery truck drivers.  

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