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
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