Updated Oct 29, 2024
GNP Development Partners, LLC Sells Self Storage Facility In Celebration For $19M
1480 Celebration Boulevard, Celebration, Florida 34747, United States
$19,000,000
$322,033/SF
Building Size
59 SF
Asset Type
Self Storage
Closing
Sep 12, 2022
About this deal
AI
The self-storage property located at 1480 Celebration Boulevard in Celebration has been sold for a total of $19,000,000. The transaction took place on December 9, 2022. The property consists of 675 units, with an average price per unit of $28,148. The total square footage of the property is 59,681, resulting in a price per square foot of $318.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $19,000,000
- Address: 1480 Celebration Boulevard
- Market: Celebration
- Units: 675
- Price per Unit: $28,148
- Total Square Footage: 59,681
- Price per Square Foot: $318
The seller of the property was GNP Development Partners, LLC, represented by Mark Gerenger. Mark Gerenger played a key role in the transaction as the seller's representative. The sale of this self-storage property marks a significant transaction in the Celebration market.
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Kissimmee Self Storage Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93