The Easton Group Acquires Industrial Property In Miami-Dade For $14.3M
SOLD
$14,300,000
Florida
See Similar DealsIndustrial76,000 SF
Sold 09/20/2022
SOLD
The Easton Group Acquires Industrial Property In Miami-Dade For $14.3M
3121 Northwest 125th Street, Miami, Florida 33167, United States
See Similar DealsIndustrial76,000 SF
Sold 09/20/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:76,000 SF
Transaction Type:Sale
The industrial property located at 3121 Northwest 125th Street in Miami-Dade County has been sold. The property spans across 2.7 acres and is part of the industrial market. The transaction took place on September 20, 2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $14,300,000
- Square Footage: 76,000
- Price per Square Foot: $188
- Address: 3121 Northwest 125th Street, Miami-Dade County
The buyer of the property is The Easton Group, represented by Edward Easton and Dalton Easton. The seller is Hammersmith Limited Partnership, represented by Steven Hammersmith. The deal was facilitated by the brokerage firm CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$762,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55
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