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
About this deal
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.
On the Map
$14,250,000
$187/SF
Warehouse
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Players
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