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19301 West Dixie Highway, M...

Snapbox Self Storage Acquires Self Storage Property In Miami For $18.1M
SOLD

Snapbox Self Storage Acquires Self Storage Property In Miami For $18.1M

19301 West Dixie Highway, Miami, Florida 33180, United States

$18,090,000

$220/SF

Building Size

82,000 SF

Asset Type

Closing

Jan 23, 2022

AI

A self storage property located at 19301 West Dixie Highway in Miami has been sold. The property, with a total area of 82,000 square feet, was purchased by Snapbox Self Storage for a sale price of $18,090,000, at a price per square foot of $221. The transaction took place on January 20, 2022. The seller of the property was 19301 West Dixie LLC.

Summary of transaction details

  • Property Type: Self Storage
  • Sale Price: $18,090,000
  • Square Footage: 82,000
  • Price Per Square Foot: $221
  • Transaction Date: January 20, 2022
  • Buyer: Snapbox Self Storage - Jake Ramage
  • Seller: 19301 West Dixie LLC

Jake Ramage, representing Snapbox Self Storage, was the buyer in this transaction. The property, located at 19301 West Dixie Highway, offers a great opportunity for self storage investment in the Miami market. With a sale price of $18,090,000 and a price per square foot of $221, this sale represents a significant investment in the self storage asset.

Players

SS
Snapbox Self StorageBuyer

Miami 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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93