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10200 Fox Trail Rd S, Royal...

Elizabeth R. Schlesinger Acquires Self Storage Property In Royal Palm Beach For $13.7M
SOLD

Elizabeth R. Schlesinger Acquires Self Storage Property In Royal Palm Beach For $13.7M

10200 Fox Trail Rd S, Royal Palm Beach, FL, USA

$13,685,000

$456/SF

Building Size

30,003 SF

Asset Type

Closing

Jul 1, 2020

AI

An undisclosed buyer, represented by Elizabeth R. Schlesinger from an unnamed agency, has acquired a self-storage facility located at 10200 Fox Trail Rd S in Royal Palm Beach. The property, spanning 30,003 square feet, was sold by Thomas P. Richerson. The transaction took place on July 1, 2021, for a total sale price of $13,685,000, resulting in an average price per square foot of $456.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $13,685,000
  • Square Footage: 30,003 sqft
  • Address: 10200 Fox Trail Rd S, Royal Palm Beach
  • Market: Royal Palm Beach

The buyer, Elizabeth R. Schlesinger, successfully negotiated the acquisition of the self-storage facility. Thomas P. Richerson acted as the seller in this transaction. The deal highlights the ongoing activity in the Royal Palm Beach market, with this self-storage property changing hands at a significant price per square foot of $456.

Players

Elizabeth Schlesinger

Buyer

$88.7M

vol

6 deals

Buyer

Thomas P. Richerson

Seller

$25.7M

vol

2 deals

Seller

Royal Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93