Invesco Real Estate & Baranof Holdings Acquire Self Storage In Chandler, Arizona For $12.3M
SOLD
$12,300,000
Arizona
See Similar Deals63,840 SF
Sold 11/12/2021
SOLD
Invesco Real Estate & Baranof Holdings Acquire Self Storage In Chandler, Arizona For $12.3M
641 East Warner Road, Chandler, AZ, USA
See Similar Deals63,840 SF
Sold 11/12/2021
Summary
ARIZONA
Price Per Square Foot:$192
Total Square Footage:63,840 SF
Transaction Type:Sale
An self storage property located at 641 E. Warner Road in Chandler, AZ has been sold for $12,300,000. The asset consists of 573 units with an average price per unit of $21,466. The total square footage of the property is 63,840, resulting in a price per square foot of $193.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $12,300,000
- Units: 573
- Price per Unit: $21,466
- Total Square Footage: 63,840
- Price per Square Foot: $193
- Market: Chandler, AZ
- Seller: Pegasus Group
- Buyer: Invesco Real Estate & Baranof Holdings
The sale was facilitated by Steve Mellon, Brian Somoza, and Carl Beardsley from JLL Capital Markets, who represented both the buyer and the seller in this transaction.
Players
BUYER
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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