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333 Hershey Street

Liz Schlesinger Of Merit Hill Capital Purchases Self Storage Asset From Nancy Novak For $9.8M
SOLDSelf Storage

Liz Schlesinger Of Merit Hill Capital Purchases Self Storage Asset From Nancy Novak For $9.8M

333 Hershey Street

$9,800,000

$162/SF

Building Size

60,291 SF

Asset Type

Self Storage

Closing

May 9, 2025

AI

The property asset involved in this transaction is a self-storage facility located at 333 Hershey Street in Pomona. It encompasses a total square footage of 60,291 and was sold for a transaction amount of $9,800,000, which translates to a price per square foot of $162.

Summary of transaction details:

Key individuals involved in this transaction include Liz Schlesinger, representing the buyer, Merit Hill Capital, and Nancy Novak, representing the seller, Cameron Properties. The brokerage services for the transaction were provided by Brandon Robinson and Ingla Robinson from Calvary Realty.

Players

Brandon Robinson

Calvary Realty

Broker

$61.6M

vol

11 deals

Broker
Merit Hill Capital LP
Merit Hill Capital LPBuyer

Pomona 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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93