Gwyn G Mcneal, Scott Stubbs & Kirk Grimshaw Acquire Self Storage In Lutz For $14.25M
17921 N Dale Mabry Hwy, Lutz, FL, USA
$14,250,000
$142/SF
Building Size
99,756 SF
Asset Type
—
Closing
Sep 21, 2021
AI
The self storage property located at 17921 N Dale Mabry Hwy in Lutz has been sold for a price of $14,250,000. The property spans a total area of 99,756 square feet, resulting in a price per square foot of $143. The transaction took place on September 22, 2021.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $14,250,000
- Address: 17921 N Dale Mabry Hwy
- Market: Lutz
- Buyer: Gwyn G Mcneal, Scott Stubbs & Kirk Grimshaw
- Seller: Tyler A. Colpini
The buyer, represented by Gwyn G Mcneal, Scott Stubbs, and Kirk Grimshaw, acquired the property from the seller, Tyler A. Colpini.
Players
Lutz 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93