Joseph Russell Jr Of Public Storage Acquires Self Storage Facility In Plantation For $57.3M
10600 Florida Highway 84 & 231 Southwest 125th Avenue
$57,300,000
$102/SF
Building Size
556,618 SF
Asset Type
Self Storage
Closing
Mar 27, 2025
AI
The property involved in the transaction is a self-storage facility located at 10600 Florida Highway 84 in Plantation. The asset has a transaction value of $57,300,000.00 and encompasses a total square footage of 278,309.0.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $57,300,000.00
- Address: 10600 Florida Highway 84
- Market: Plantation
- Buyer: Joseph Russell Jr - Public Storage
- Seller: Sam Jazayri
The transaction highlights Joseph Russell Jr, who represents Public Storage, as the buyer in this deal. The seller, Sam Jazayri, played a crucial role in the completion of this property sale.
Players
Fort Lauderdale Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93