facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells Apopka Self Storage For $13M

Property Image
SOLD
$13,000,000
Salim Valiani
Gabriel Coe
+ 1

Florida

See Similar Deals
Self Storage67,850 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Apopka Self Storage For $13M

25 E Lester Rd Apopka, FL 32712, USA

See Similar Deals
Self Storage67,850 SF
Sold
Salim Valiani
Gabriel Coe
+ 1
Contact now

Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$191
Total Square Footage:67850 SF
Transaction Type:Sale

Marcus & Millichap has sold Apopka Self Storage, a newly developed 67,850-square-foot facility located at 25 East Lester Road in Apopka, Florida. The property was sold for $13 million in a closed transaction. This self-storage asset features climate-controlled units and is expected to quickly lease up in the growing self-storage market of the area.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $13,000,000
  • Units: 729
  • Price per Unit: $17,833
  • Square Footage: 67,850
  • Price per Square Foot: $192
  • Market: Apopka

The sale of Apopka Self Storage was facilitated by Nathan Coe, Brett R. Hatcher, Gabriel Coe, and Salim Valiani of Marcus & Millichap.

Players

Gabriel Coe
9 deals$67.2M volume
BROKER

Brett Hatcher
Marcus & Millichap
9 deals$67.2M volume
BROKER

Salim Valiani
Marcus & Millichap
13 deals$100.3M volume(407) 620-2416
BROKER

Nathan Coe
Marcus & Millichap
6 deals$67.2M volume
BROKER

Details

SOLD
IMAGE: Nathan Coe, Brett R. Hatcher, Gabriel Coe & Salim Valiani DATE: 06/29/2023 ADDRESS: 25 East Lester Road MARKET: Apopka ASSET TYPE: Self Storage BROKERS: Nathan Coe, Brett R. Hatcher, Gabriel Coe (@GabrielCoe18) & Salim Valiani (@SalimValiani) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $13,000,000 UNITS: 729 ~ PPU: $17,833 SF: 67,850 ~ PPSF: $192 NOTE: Marcus & Millichap has sold Apopka Self Storage, a newly developed 67,850-square-foot facility in Apopka, Florida, for $13 million. The property features climate-controlled units and is expected to lease up quickly in the growing self-storage market of the area.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59