Updated Oct 29, 2024
StorSafe Acquires Coleman Storage In Wildwood, FL For $8.8M
2836 Co Rd 523 Wildwood, Fl 34785, Usa
$8,800,000
Building Size
—
Asset Type
Self Storage
Closing
Jul 12, 2023
About this deal
AI
A self-storage property located at 2836 County Road 523 in Wildwood, FL has been sold for a price of $8,800,000. The buyer, StorSafe, represented by Tom Bretz, has acquired the property from the seller, Coleman Commercial LLC.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $8,800,000
- Address: 2836 County Road 523
- Market: Wildwood
This transaction marks an expansion of StorSafe's self-storage portfolio, with the addition of Coleman Storage in Wildwood, FL. StorSafe now owns a total of 23 facilities across five states, encompassing over 1.3 million sq. ft. of completed or in-development properties.
Players
Miami Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93