Kristopher Olof Purchases Self Storage Properties From James Simpson & Lorena Snyder For $2.5M
4546 Pleasant Valley Road & 1053 Northside Drive
$2,500,000
$128/SF
Building Size
19,500 SF
Asset Type
Self Storage
Closing
Nov 8, 2024
AI
The transaction involved a self-storage asset located at 4546 Pleasant Valley Road & 1053 Northside Drive within the Placerville & Cool market. The sale price was $2,500,000 for a total square footage of 9,750, translating to a price per square foot of $256.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $2,500,000
- Address: 4546 Pleasant Valley Road & 1053 Northside Drive
- Market: Placerville & Cool
- Square Footage: 9,750
- Price per Square Foot: $256
- Buyer: Kristopher Olof
- Seller: James Simpson & Lorena Snyder
- Brokers: Brandon Robinson, Ingla Robinson, Jamaal Brown & Leanna Calderon - Calvary Realty
The brokers involved in the deal were part of the Calvary RealtyNational Storage Group, highlighting their expertise in the self-storage market. The team's strong reputation is reflected in their 5-star Google rating and a track record of hundreds of satisfied customers.
Players
Placerville 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93