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13435 Main Street

Miller Valentine Investments Acquires Self Storage Development Site In Jacksonville For $2.3M
SOLDSelf Storage

Miller Valentine Investments Acquires Self Storage Development Site In Jacksonville For $2.3M

13435 Main Street

$2,300,000

$21/SF

Building Size

105,460 SF

Asset Type

Self Storage

Closing

Dec 5, 2024

AI

The asset involved in the transaction is a self-storage development site located at 13435 Main Street in Jacksonville. The sale price is $2,300,000, encompassing a total square footage of 105,460 with a price per square foot of $21.

Summary of transaction details:

The deal was facilitated by brokers David Perlleshi, Frank DeSalvo, and Shaun Mayberry, all of whom represent Franklin Street in this transaction. Their involvement was crucial in navigating the property exchange between Miller Valentine Investments and Kaufman Lynn Construction.

Players

Shaun Mayberry

Franklin Street

Broker

$7.6M

vol

2 deals

Broker

Jacksonville Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93