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:
- Property Type: Self Storage
- Transaction Amount: $9,800,000
- Address: 333 Hershey Street
- Market: Pomona
- Square Footage: 60,291
- Price per Square Foot: $162
- Buyer: Liz Schlesinger - Merit Hill Capital
- Seller: Nancy Novak - Cameron Properties
- Brokers: Brandon Robinson & Ingla Robinson - Calvary Realty
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
Pomona Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
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