facebook
Traded Co logo
Submit

SecureSpace Acquires Self Storage Property In Coral Gables For $22.7M

Property Image
SOLD
$22,700,000

Florida

See Similar Deals
109,059 SF
Sold 09/01/2022
the dealplayerscompscontact
Property Image
SOLD

SecureSpace Acquires Self Storage Property In Coral Gables For $22.7M

2811 Southwest 22nd Street, Coral Gables, Florida 33145, United States

See Similar Deals
109,059 SF
Sold 09/01/2022
Contact now

Summary

FLORIDA
Price Per Square Foot:$208
Total Square Footage:109,059 SF
Transaction Type:Sale

2811 Coral Way and 2749 Southwest 22nd Street, located in Coral Gables, have been sold in a closed property transaction. The asset type of these properties is self storage, spanning across 109,059 square feet. The sale price for this transaction was $22,700,000, resulting in a price per square foot of $208.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $22,700,000
  • Address: 2811 Coral Way & 2749 Southwest 22nd Street, Coral Gables
  • Market: Coral Gables
  • Asset Type: Self Storage

The buyer of these properties was SecureSpace, represented by Nathan McElmurry. The seller in this transaction was Madison Capital Group. The lending institution involved in this deal was Goldman Sachs.

Players

3 deals$191M volume
BUYER

SELLER

Details

SOLD
IMAGE: Nathan McElmurry DATE: 09/01/2022 ADDRESS: 2811 Coral Way & 2749 Southwest 22nd Street MARKET: Coral Gables ASSET TYPE: Self Storage BUYER: SecureSpace (@SecureSpacess) - Nathan McElmurry SELLER: Madison Capital Group (@MadisonCapitalGroup) LENDER: Goldman Sachs SALE PRICE: $22,700,000 SF: 109,059 ~ PPSF: $208

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$80,648.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,609.58
Annual Debt Service$1,291,314.97