facebook

traded

+ Submit
Home

/

Deals

/

California

/

Self Storage

/

Sale

/

45755 Commerce Street

Chris Hall Of Black Dog Properties Acquires Self Storage Facility In Indio For $4.775M
SOLDSelf Storage

Chris Hall Of Black Dog Properties Acquires Self Storage Facility In Indio For $4.775M

45755 Commerce Street

$4,775,000

$85/SF

Building Size

56,176 SF

Asset Type

Self Storage

Closing

May 24, 2024

AI

The asset involved in this transaction is a self-storage facility located at 45755 Commerce Street in Indio, California. The property comprises a total square footage of 56,176 and was transacted at a price of $4,775,000, resulting in a price per square foot of $85.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $4,775,000
  • Square Footage: 56,176
  • Price Per Square Foot: $85
  • Buyer: Chris Hall - Black Dog Properties
  • Seller: Jacob Jauregui - IndioPalmsRV
  • Brokers: Ingla Robinson, Brandon Robinson & E. Denise Theus - Calvary Realty
  • Date of Transaction: 05/23/2024

This transaction was facilitated by a team of brokers comprising Ingla Robinson, Brandon Robinson, and E. Denise Theus, who represented the seller, Jacob Jauregui. The buyer, Chris Hall, is associated with Black Dog Properties, making this a significant deal within the self-storage market in Indio.

Players

Brandon Robinson

Calvary Realty

Broker

$61.6M

vol

11 deals

Broker

Indio 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

3.32%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93