Prime Storage Group Acquires Self Storage Property In Fort Lauderdale For $35M

A self-storage property located at 2401 West Broward Blvd in Fort Lauderdale has been sold for a total price of $35,020,000. This property covers an area of 1.76 acres and consists of 132,848 square feet. The sale took place on November 11, 2022, and the buyer was Prime Storage Riverbend LLC, an affiliate of Prime Storage Group. The seller, on the other hand, was Alex Hernandez, who is associated with Hernandez Construction. Fidelity Bank provided the financing for this transaction.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $35,020,000
• Address: 2401 West Broward Blvd, Fort Lauderdale
• Market: Fort Lauderdale
• Acres: 1.76
• Square Footage: 132,848
• Buyer: Prime Storage Riverbend LLC - Affiliate of Prime Storage Group
• Seller: Alex Hernandez - Hernandez Construction
• Lender: Fidelity Bank
• Price per Square Foot: $263

This transaction involved the successful collaboration of several key individuals and companies. Prime Storage Riverbend LLC, representing the Prime Storage Group, acted as the buyer in this deal. On the other side, Alex Hernandez, affiliated with Hernandez Construction, served as the seller. Their efforts, along with the financing provided by Fidelity Bank, contributed to the completion of this transaction.