SmartStop Self Storage REIT Acquires Self Storage Facility In Apopka For $11.35M
SOLD
$11,350,000
Florida
See Similar Deals44,300 SF
Sold 01/11/2022
SOLD
SmartStop Self Storage REIT Acquires Self Storage Facility In Apopka For $11.35M
2200 Coral Hills Road, Apopka, Florida 32703, United States
See Similar Deals44,300 SF
Sold 01/11/2022
Summary
FLORIDA
Price Per Square Foot:$256
Total Square Footage:44,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$605,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,324.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,804.79
Annual Debt Service$645,657.49
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