Patsy Davis Sells Boca Raton Self Storage For $2.4M With Seller's Rep Chad Gottsegen
301 Southwest 1st Avenue
$2,400,000
$2/SF
Building Size
994,099 SF
Asset Type
Self Storage
Closing
Jan 27, 2026
AI
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.
Players
Boca Raton Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93