SmartStop Self Storage REIT Acquires Self Storage Facility In Apopka For $11.35M
2200 Coral Hills Road, Apopka, Florida 32703, United States
$11,350,000
$256/SF
Building Size
44,300 SF
Asset Type
—
Closing
Jan 10, 2022
About this deal
AI
A self storage property in Apopka, located at 2200 Coral Hills Road, has been sold in a transaction. The property spans an impressive 9 acres.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $11,350,000
- Property Size: 44,300 square feet
- Price Per Square Foot: $256
- Market: Apopka
The buyer in this deal is SmartStop Self Storage REIT, represented by H. Michael Schwartz. On the other hand, the seller is Space Storage Clarcona LLC.
The commercial sale at 2200 Coral Hills Road, Apopka, Florida 32703, United States in Apopka, Florida sold for $11.4M in 2022. The building is 44,300 square feet, implying about 256 per square foot on the published price. Named participants on the 2200 Coral Hills Road, Apopka, Florida 32703, United States sale are H. Michael Schwartz. This page is the Apopka, Florida file for the 2200 Coral Hills Road, Apopka, Florida 32703, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Apopka sit in the Market section below. Filter that Apopka commercial set by closing date to see what else sold near 2200 Coral Hills Road, Apopka, Florida 32703, United States around 2022. Published consideration for 2200 Coral Hills Road, Apopka, Florida 32703, United States is $11.4M, dated 2022. Cite this SmartStop Self Storage REIT Acquires Self Storage Facility In Apopka For $11.35M sale when underwriting similar commercial product around Apopka, Florida.
Apopka CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93