Updated Mar 21, 2025
Benjamin S. Macfarland Of Storage Rentals Of America Acquires Self Storage Facility For $17.2M
1547 North Florida Mango Road
$17,200,000
$126/SF
Building Size
136,256 SF
Asset Type
Self Storage
Closing
Mar 19, 2025
About this deal
AI
The property asset involved in the transaction is a self-storage facility located at 1547 North Florida Mango Road in West Palm Beach. This asset was sold for a price of $17,200,000.00 and encompasses a total square footage of 136,256.0.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $17,200,000.00
- Address: 1547 North Florida Mango Road
- Market: West Palm Beach
- Buyer: Benjamin S. Macfarland - Storage Rentals of America
- Seller: West Palm Beach Mini Stor-It
Benjamin S. Macfarland is representing Storage Rentals of America in this acquisition, while the seller, West Palm Beach Mini Stor-It, completed this transaction as part of their strategic adjustments in the self-storage market.
On the Map
$17,200,000
$126/SF
Self Storage
View full map
Players
West Palm Beach Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin S. Macfarland to view all their deals.
Browse West Palm Beach self storage sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93