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6220 Sampson Rd, Stockton, ...

Updated Oct 29, 2024

Northwest Building LLC Acquires Property From Hammer Lane LLC For $25 Million In Stockton
SOLDSelf Storage

Northwest Building LLC Acquires Property From Hammer Lane LLC For $25 Million In Stockton

6220 Sampson Rd, Stockton, CA, 95212

$25,000,000

Units

99

Asset Type

Self Storage

Closing

Nov 19, 2023

About this deal

AI

The property involved in this transaction is Hammer Lane Self Storage, located at 6220 Sampson Rd, Stockton, CA, 95212. The asset was sold for $25,000,000, translating to $227 per rentable square foot and $39,960 per unit. The facility comprises a total of 109,800 square feet across 526 fixed storage units, alongside an additional 49,064 square feet of parking across 99 units.

Summary of transaction details:

  • Property Type: Self-storage
  • Transaction Amount: $25,000,000.00
  • Buyer: Northwest Building LLC
  • Seller: Hammer Lane LLC
  • Buyer's Representative: Dana Chobor - Colliers International
  • Size: 109,800 square feet
  • Rentable Units: 526 fixed storage units
  • Parking Units: 99 units

The transaction was facilitated by Tom de Jong and Dana Chobor of Colliers’ Self Storage Group, serving as representatives for both the buyer and the seller throughout the deal.

On the Map

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$25,000,000

Self Storage

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Players

Tom de Jong

Colliers

Broker

$62.7M

vol

6 deals

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Stockton 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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