Prime Storage Loxahatchee LLC, an affiliate of Prime Storage, has purchased the Lockhart Storage facility in Loxahatchee, Palm Beach County, for $20 million. The self-storage property is located at 14711 Southern Boulevard in the Loxahatchee Groves market. The property spans 97,352 square feet, and the sale price equated to $205 per square foot.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $20,000,000
• Address: 14711 Southern Boulevard
• Market: Loxahatchee Groves
• Buyer: Robert Moser - Prime Storage
• Seller: James Lockhart - Lockhart Management Group
• Square Footage: 97,352
• Price Per Square Foot: $205

The Lockhart Storage facility was sold by HLSSIII Lox LLC to Prime Storage Loxahatchee LLC. Robert Moser, representing Prime Storage, acted as the buyer in the transaction, while James Lockhart, from Lockhart Management Group, represented the seller. The deal marks Prime Storage's acquisition of a prominent self-storage property in Loxahatchee, further expanding their portfolio in the area.