Stein Investment Group Acquires 81,995 SF Self Storage Facility In Pompano Beach For $8.9M

The property asset involved in the transaction is a self-storage facility located at 1799 West Atlantic Boulevard, Pompano Beach. The facility encompasses 81,995 square feet and is situated on a 3.73-acre lot. The purchase was finalized for a total of $8,900,000, translating to a price per square foot of $109. This self-storage facility was built in 1985 and features a gated property design.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $8,900,000
• Address: 1799 West Atlantic Boulevard
• Market: Pompano Beach
• Square Footage: 81,995
• Price per Square Foot: $109
• Acres: 3.73
• Buyer: Jeffrey Stein, Jason Linscott, Adam Sauer - Stein Investment Group
• Seller: Extra Space Storage
• Lender: United Bank

Key individuals in this transaction include Jeffrey Stein, Jason Linscott, and Adam Sauer, representing Stein Investment Group as the buyers of the facility. They successfully acquired the property from Extra Space Storage, with financing facilitated through a loan from United Bank amounting to $8.19 million.