Merit Hill Capital Acquires Self Storage Property In Victorville For $8.5M
12250 Ridgecrest Road
$8,500,000
$139/SF
Building Size
61,035 SF
Asset Type
Self Storage
Closing
Aug 8, 2023
AI
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.
Players
Victorville Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93