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
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