Prime Group Holdings Acquires Self Storage In Lake Park For $10.68M
210 N Congress Ave, Lake Park, FL, USA
$10,680,000
$106/SF
Building Size
100,800 SF
Asset Type
—
Closing
Aug 19, 2020
About this deal
AI
The self-storage property located at 210 N Congress Ave in Lake Park has been sold for a price of $10,680,000. The property spans 100,800 square feet and is situated on 2.7 acres. The sale price per square foot was $106, while the price per acre amounted to $3,955,556.
Summary of Transation Details
- Property Type: Self Storage
- Transaction Amount: $10,680,000
- Address: 210 N Congress Ave
- Market: Lake Park
Prime Group Holdings, represented by Robert Moser, acquired the property. The seller, Merchants Retail Partners, was represented by William A. Leitner III.
On the Map
$10,680,000
$106/SF
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Players
Lake Park 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
1.49%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93