Morningstar Properties Acquires Flagler Village Self Storage For $30M

The self storage property at 421 Northwest First Avenue & 125 Northwest Fourth Street in Flagler Village, Fort Lauderdale has been sold for a total of $30,000,000. The property spans across 135,679 square feet, resulting in a price per square foot of $221. The transaction took place on April 15, 2022.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $30,000,000
• Address: 421 Northwest First Avenue & 125 Northwest Fourth Street
• Market: Flagler Village, Fort Lauderdale
• Buyer: Morningstar Properties - Dave Benson
• Seller: Alan Hooper & Tim Petrillo - Urban Street Development
• Square Footage: 135,679
• Price Per Square Foot: $221

The buyer of the property is Morningstar Properties, represented by Dave Benson. Alan Hooper and Tim Petrillo, from Urban Street Development, served as the sellers in this transaction.