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2203 West Oakland Park Boul...

Updated Sep 10, 2025

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

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

2203 West Oakland Park Boulevard

$19,500,000

$177/SF

Building Size

110,000 SF

Asset Type

Self Storage

Closing

Sep 8, 2025

About this deal

AI

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.

On the Map

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$19,500,000

$177/SF

Self Storage

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Players

Mark Degner

Safeguard Self Storage

Buyer

$19.5M

vol

1 deal

Buyer
Boyd Simpson

Boyd Simpson

The Simpson Organization

Seller

$88M

vol

2 deals

Seller
Bilt advertisement

Oakland Park Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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Deal FAQ

About $177 per square foot on a published $19.5M for 110,000 square feet (2025).

Visit Boyd Simpson to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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