Updated Jan 8, 2025
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
About this deal
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:
- Property Type: Self Storage Development Site
- Transaction Amount: $2,300,000
- Address: 13435 Main Street
- Market: Jacksonville
- Square Footage: 105,460
- Price Per Square Foot: $21
- Buyer: Miller Valentine Investments
- Seller: Kaufman Lynn Construction
- Broker Representatives: David Perlleshi, Frank DeSalvo & Shaun Mayberry - Franklin Street
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.
On the Map
$2,300,000
$21/SF
Self Storage
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Players
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