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
Indio 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
3.32%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93