Merit Hill Capital Acquires Self Storage Property In Victorville For $8.5M
SOLD
$8,500,000
California
See Similar DealsSelf Storage61,035 SF
Sold
SOLD
Merit Hill Capital Acquires Self Storage Property In Victorville For $8.5M
12250 Ridgecrest Road
See Similar DealsSelf Storage61,035 SF
Sold
Summary
CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$139
Total Square Footage:61035 SF
Transaction Type:Sale
A Self Storage property located at 12250 Ridgecrest Road in Victorville has been sold for $8,500,000. The property spans 61,035 square feet and was sold at a price per square foot of $139.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $8,500,000
- Square Footage: 61,035
- Price per Square Foot: $139
- Address: 12250 Ridgecrest Road, Victorville
- Market: Victorville
- Buyer: Merit Hill Capital
- Seller: Jasuco - Susana Doumerc-Contreras and Marcel Doumerc
- Brokers: Brandon Robinson & Ingla Robinson - Calvary Realty Inc
The transaction involved the buyer, Merit Hill Capital, and the seller, Jasuco - Susana Doumerc-Contreras and Marcel Doumerc. Brandon Robinson and Ingla Robinson from Calvary Realty Inc served as the brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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