facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

420 East Belt Avenue, Bushn...

Self Storage Property In Bushnell Sells For $7.75M With Brokers Christopher Travis & Hunter Robey - Marcus & Millichap
SOLD

Self Storage Property In Bushnell Sells For $7.75M With Brokers Christopher Travis & Hunter Robey - Marcus & Millichap

420 East Belt Avenue, Bushnell, Florida 33513, United States

$7,750,000

$165/SF

Building Size

46,953 SF

Asset Type

Closing

Sep 12, 2022

AI

A self storage property located at 420 East Belt Avenue, 1224 West C-48, and 1333 West C-48 in Bushnell was recently sold for a total of $7,750,000. The property spans across 6.37 acres and consists of 402 units, with an average price per unit of $19,279. The total square footage of the property is 46,953, resulting in a price per square foot of $165. The sale was facilitated by Christopher Travis and Hunter Robey from Marcus & Millichap.

Summary of transation details

  • Property Type: Self Storage
  • Transaction Amount: $7,750,000
  • Units: 402
  • Price Per Unit: $19,279
  • Square Footage: 46,953
  • Price Per Square Foot: $165
  • Address: 420 East Belt Avenue, 1224 West C-48, 1333 West C-48, Bushnell
  • Market: Bushnell
  • Brokers: Christopher Travis & Hunter Robey - Marcus & Millichap

The sale of this self storage property was facilitated by Christopher Travis and Hunter Robey from Marcus & Millichap. They served as the brokers representing both the buyer and the seller in the transaction. Their expertise and negotiation skills were crucial in successfully closing the deal.

Players

Christopher Travis

Ripco

Broker

$26.1M

vol

5 deals

Broker

Bushnell CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93