Prime Group Holdings Acquires Self Storage Facility In Orlando From Ample Ivey For $21.5M
2200 Forsyth Road
$21,500,000
$125/SF
Building Size
171,000 SF
Asset Type
Self Storage
Closing
Aug 5, 2025
AI
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
Orlando Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93