Patsy Davis Sells Boca Raton Self Storage For $2.4M With Seller's Rep Chad Gottsegen
SOLD
$2,400,000
Florida
See Similar DealsSelf Storage994,099 SF
Sold 01/28/2026
SOLD
Patsy Davis Sells Boca Raton Self Storage For $2.4M With Seller's Rep Chad Gottsegen
301 Southwest 1st Avenue
See Similar DealsSelf Storage994,099 SF
Sold 01/28/2026
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$2
Total Square Footage:994,099 SF
Transaction Type:Sale
The asset involved in the transaction is a self-storage facility located at 301 Southwest 1st Avenue in Boca Raton. The sale price for the property was $2,400,000, with a total area of 9,940 square feet, resulting in a price per square foot of $241.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $2,400,000
- Address: 301 Southwest 1st Avenue
- Market: Boca Raton
- Square Footage: 9,940
- Price Per Square Foot: $241
- Seller: Patsy Davis
- Buyer's Representative: Jay Bray - Fisher-Bray Real Estate Group
- Seller's Representative: Chad Gottsegen - LRM Commercial Real Estate Advisors
Key individuals involved in the transaction include the seller, Patsy Davis, and the representatives: Chad Gottsegen, who represented the seller through LRM Commercial Real Estate Advisors, and Jay Bray, who represented the buyer from Fisher-Bray Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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