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
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