Cushman & Wakefield Brokers Sell Palm City Self Storage For $14M
3501 SW Martin Downs Blvd, Palm City, FL 34990, USA
$14,000,000
$17/SF
Building Size
785,210 SF
Asset Type
Other
Closing
Oct 19, 2020
AI
The self storage property located at 3501 SW Martin Downs Blvd. in Palm City has been sold for a price of $14,000,000. The property spans a total area of 78,521 square feet, resulting in a price per square foot of $178. The transaction took place on October 20, 2020.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $14,000,000
- Address: 3501 SW Martin Downs Blvd.
- Market: Palm City
- Size: 78,521 square feet
- Price per Square Foot: $178
The seller of the self storage property was Safe & Sound. The deal was facilitated by brokers Mike Mele and Luke Elliott from Cushman & Wakefield.
Players
Palm City Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93