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1400 West Indiantown Road, ...

Updated Oct 28, 2024

Value Store It Acquires Self Storage In Jupiter For $35.4M With Buyer's Rep Carlos Diaz & Seller's Rep Trico Investments
SOLD

Value Store It Acquires Self Storage In Jupiter For $35.4M With Buyer's Rep Carlos Diaz & Seller's Rep Trico Investments

1400 West Indiantown Road, Jupiter, FL, USA

$35,400,000

$140/SF

Building Size

252,436 SF

Asset Type

Closing

Jun 18, 2020

About this deal

AI

Value Store It has acquired a self-storage asset located at 1400 West Indiantown Road and 2909 South Military Avenue in Jupiter. The property spans an impressive 252,436 square feet and comprises 1,835 units, sitting on 5.6 acres of land. The transaction took place on June 18, 2021, with a sale price of $35,400,000. This equates to a price per square foot of $140 and a price per unit of $19,292.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $35,400,000
  • Address: 1400 West Indiantown Road & 2909 South Military Avenue, Jupiter
  • Market: Jupiter
  • Square Footage: 252,436
  • Price per Square Foot: $140
  • Units: 1,835
  • Price per Unit: $19,292
  • Acres: 5.6

The buyer, represented by Carlos Diaz of Value Store It, acquired the property from Jupiter Self Storage LLC and Trico Investments. The deal was facilitated by Rodney Langer of Investors CRE and Morgan Windbiel of CBRE. It is worth noting that this transaction presents a significant opportunity for Value Store It to expand its portfolio in the self-storage market.

Players

Rodney Langer

Broker

$35.4M

vol

1 deal

Broker

Jupiter CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $140 per square foot on a published $35.4M for 252,436 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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