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3121 NW 125th St, Miami, FL...

The Easton Group Acquires Miami Property At 3121 NW 125th St For $14.25M With Dalton Easton As Buyer’s Rep
SOLDWarehouse

The Easton Group Acquires Miami Property At 3121 NW 125th St For $14.25M With Dalton Easton As Buyer’s Rep

3121 NW 125th St, Miami, FL, 33167

$14,250,000

$187/SF

Building Size

75,829 SF

Asset Type

Warehouse

Closing

Nov 19, 2023

AI

The Easton Group has acquired a Class A warehouse located at 3121 Northwest 125th Street, Miami, FL, for a total price of $14,250,000.00. The facility spans 75,829 square feet and is situated in the Miami market, in a location that aligns with the company's investment criteria.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $14,250,000.00
  • Buyer: The Easton Group
  • Buyer's Representative: Dalton Easton
  • Seller's Representative: Michael Silver, First Vice President with CBRE
  • Market: Miami

Dalton Easton represented The Easton Group in this off-market transaction, emphasizing the strong tenant demand for quality warehouse space despite current economic challenges. Michael Silver acted as the representative for the seller in this deal, highlighting the active role of The Easton Group in both acquisitions and development within the commercial real estate sector.

Players

Dalton Easton

The Easton Group

Broker

$70.2M

vol

5 deals

Broker
The Easton Group
The Easton GroupBuyer

Miami Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93