Edward Easton Of The Easton Group Acquires Industrial Warehouse In Miami For $16.9M
3151 Northwest 125th Street
$16,900,000
$175/SF
Building Size
96,585 SF
Asset Type
Industrial
Closing
Aug 14, 2025
AI
The Easton Group has acquired an industrial property located at 3151 Northwest 125th Street in the Miami market. The property spans 96,585 square feet and was purchased for $16,900,000, resulting in a price per square foot of $175. The warehouse is situated in the Gratigny submarket and is leased to Front of the House, a dinnerware distributor.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,900,000
- Square Footage: 96,585
- Address: 3151 Northwest 125th Street
- Market: Miami
- Buyer: Edward Easton - The Easton Group
- Broker: Dalton Easton - The Easton Group
This transaction marks Edward Easton’s second purchase in the Gratigny area within three years, following the acquisition of a neighboring 75,829-square-foot facility in 2022. The deal was brokered by Dalton Easton, who represents The Easton Group in this off-market transaction.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93