facebook
Traded Co logo
Submit

Turnbull Equity Acquires 4 Self Storage Properties In Crescent City For $15M

Property Image
SOLD
$15,000,000

California

See Similar Deals
Self Storage148,267 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Turnbull Equity Acquires 4 Self Storage Properties In Crescent City For $15M

1880 Northcrest Dr Crescent City, CA 95531, USA

See Similar Deals
Self Storage148,267 SF
Sold
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$101
Total Square Footage:148267 SF
Transaction Type:Sale

Turnbull Equity has recently acquired four properties in Crescent City, California for a total of $15 million. The portfolio comprises of 961 units, including heated units and 34 RV/boat spaces. The properties are located at 1880 Northcrest, 1065 Mcnamara, 1565 S Railroad, and 176 Elk Valley. The total square footage of these self-storage facilities is 148,267, resulting in a price per square foot of $101.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $15,000,000
  • SF: 148,267
  • PPSF: $101

Turnbull Equity, represented by Ryan Brown & Colby Nelson, purchased these properties from undisclosed sellers. The sale was facilitated by broker Brandon Robinson of Calvary Realty. This acquisition highlights Turnbull Equity's ongoing interest in the self-storage market in Crescent City, and further expands their investment portfolio in the area.

Players

Brandon Robinson
Calvary Realty
Brandon Robinson
11 deals$61.6M volume(760) 534-8135
BROKER
TE
Turnbull Equity
BUYER
TE
Turnbull Equity
BUYER

Details

SOLD
IMAGE: Ryan Brown & Colby Nelson DATE: 07/20/2023 ADDRESS: 1880 Northcrest & 1065 Mcnamara & 1565 S Railroad & 176 Elk Valley MARKET: Crescent City ASSET TYPE: Self Storage BUYER: Turnbull Equity (@Turnbull_Equity) - Ryan Brown & Colby Nelson BROKERS: Brandon Robinson - Calvary Realty SALE PRICE: $15,000,000 SF: 148,267 ~ PPSF: $101 NOTE: Turnbull Equity has purchased four properties in Crescent City, California for a combined total of $15 million. The portfolio consists of 961 units including heated units and 34 RV/boat spaces.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83