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
About this deal
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