CubeSmart Acquires Self-Storage Facility In Weston For $11.5M
SOLD
$11,500,000
Florida
See Similar Deals93,182 SF
Sold 04/05/2021
SOLD
CubeSmart Acquires Self-Storage Facility In Weston For $11.5M
1500 North Park Drive, Weston, FL, USA
See Similar Deals93,182 SF
Sold 04/05/2021
Summary
FLORIDA
Price Per Square Foot:$123
Total Square Footage:93,182 SF
Transaction Type:Sale
A self-storage facility located at 1500 North Park Drive in Weston has been sold for a total of $11,500,000. This property spans a total of 93,182 square feet, resulting in a price per square foot of $123. The facility sits on 6 acres of land, with a price per acre of $1,916,667.
Summary of transaction details
- Property Type: Self-Storage Facility
- Transaction Amount: $11,500,000
- Address: 1500 North Park Drive, Weston
- Market: Weston
- Square Footage: 93,182
- Price per Square Foot: $123
- Total Acres: 6
- Price per Acre: $1,916,667
CubeSmart, represented by Christopher Marr, purchased the property from Leo Ghitis.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
Is there something missing? Send suggestions