Mark Degner Of Safeguard Self Storage Acquires Self Storage Facility In Oakland Park For $19.5M

The property asset involved in the transaction is a newly built self-storage facility located at 2203 West Oakland Park Boulevard in Oakland Park. This facility spans 110,000 square feet on a 2.5-acre parcel and was sold for $19,500,000, translating to a price per square foot of $177.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $19,500,000
• Address: 2203 West Oakland Park Boulevard
• Market: Oakland Park
• Square Footage: 110,000
• Price per Square Foot: $177
• Buyer: Mark Degner - Safeguard Self Storage
• Seller: Boyd Simpson - The Simpson Organization
• Acres: 2.5
• Construction Loan Amount: $10,080,000
• Development Year: 2021

Mark Degner represents Safeguard Self Storage in the acquisition of the asset, while Boyd Simpson, managing the seller The Simpson Organization, oversaw the development of the property. The construction of the facility was financed through a loan taken in 2021.