Extra Space Storage Acquires Industrial Asset In Margate For $22.1M
SOLD
$22,100,000
Florida
See Similar DealsIndustrial101,300 SF
Sold 10/13/2021
SOLD
Extra Space Storage Acquires Industrial Asset In Margate For $22.1M
750 South State Road 7, Margate, FL, USA
See Similar DealsIndustrial101,300 SF
Sold 10/13/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$218
Total Square Footage:101,300 SF
Transaction Type:Sale
The industrial property located at 750 & 780 South State Road 7 in Margate has been sold. The property, with a total square footage of 101,300, was sold for a price of $22,100,000, resulting in a price per square foot of $218. The transaction took place on October 13, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $22,100,000
- Buyer: Extra Space Storage - Joseph D. Margolis
- Seller: Nuvo Development
- Address: 750 & 780 South State Road 7, Margate
- Market: Margate
Extra Space Storage, represented by Joseph D. Margolis, acquired the industrial property from Nuvo Development. The transaction was completed on October 13, 2021, for a total price of $22,100,000. This deal represents a price per square foot of $218. The property is located at 750 & 780 South State Road 7 in Margate.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,178,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,516.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,765.27
Annual Debt Service$1,257,183.30
Is there something missing? Send suggestions