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
Bushnell 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93