Updated Oct 29, 2024
SmartStop Self Storage Acquires Self Storage Facility In San Gabriel For $15.5M
5216 Walnut Grove Ave San Gabriel, CA 91776, USA
$15,475,000
$195/SF
Building Size
79,000 SF
Asset Type
Self Storage
Closing
Jul 13, 2023
About this deal
AI
A self storage property located at 5216 Walnut Grove Avenue in San Gabriel has been sold for a price of $15,475,000. The property spans 79,000 square feet, resulting in a price per square foot of $196. The transaction took place on 07/13/2023.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $15,475,000
- Square Footage: 79,000
- Price per Square Foot: $196
- Address: 5216 Walnut Grove Avenue
- Market: San Gabriel
The buyer in this transaction is SmartStop Self Storage, while the seller is the Morelli Brothers Partnership, represented by Dave Morelli. The broker involved in the deal is Stephen Grossman.
On the Map
$15,475,000
$195/SF
Self Storage
View full map
Players
San Gabriel Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Visit Re/Max to view all their deals.
Browse California self storage sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93