SOLD
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
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.
Apopka 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93