Updated Oct 29, 2024
Snapbox Self Storage & First Neck Self Storage Acquire Industrial Property In Port St. Lucie For $7.2M
1849 Southwest South Macedo Boulevard, Port St. Lucie, FL, USA
$7,200,000
$104/SF
Building Size
69,219 SF
Asset Type
Industrial
Closing
Apr 14, 2020
About this deal
AI
An industrial property located at 1849 SW South Macedo Blvd in Port St. Lucie has been sold in a closed transaction. The property, measuring 69,219 square feet, was sold for a price of $7,200,000, resulting in a price per square foot of $104. The transaction took place on April 15, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 1849 SW South Macedo Blvd
- Market: Port St. Lucie
- Square Footage: 69,219
The buyer of the property was Snapbox Self Storage & First Neck Self Storage, while the seller was American Personal Storage. Luke Elliott and Mike Mele from Cushman & Wakefield represented both parties as brokers in this deal.
Players
Port Saint Lucie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93