Prime Group Holdings Acquires Self Storage Facility In Orlando From Ample Ivey For $21.5M
SOLD
Florida
See Similar DealsSelf Storage171,000 SF
Sold 08/06/2025
SOLD
Prime Group Holdings Acquires Self Storage Facility In Orlando From Ample Ivey For $21.5M
2200 Forsyth Road
See Similar DealsSelf Storage171,000 SF
Sold 08/06/2025
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$125
Total Square Footage:171,000 SF
Transaction Type:Sale
The transaction involved a self-storage asset located at 2200 North Forsyth Road & 6493 East Colonial Drive in the Orlando market. The property was sold for $21,500,000, encompassing a total of 171,000 square feet, resulting in a price per square foot of $125.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $21,500,000
- Address: 2200 North Forsyth Road & 6493 East Colonial Drive
- Market: Orlando
- Square Footage: 171,000
- Price per Square Foot: $125
- Buyer: Prime Group Holdings
- Seller: Ample Ivey
- Broker Representatives: Steven Bentolila - Bento Property Group & Solomon Michailow - S2 Property Group
Key representatives in the transaction included Steven Bentolila from Bento Property Group and Solomon Michailow from S2 Property Group, who facilitated the deal on behalf of their respective clients.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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