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
About this deal
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.
On the Map
$7,750,000
$165/SF
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Bushnell CRE Market Snapshot
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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