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3807 White Lake BLVD, Naple...

Public Self Storage Acquires Self Storage Facility On White Lake Blvd, Naples
SOLDSelf Storage

Public Self Storage Acquires Self Storage Facility On White Lake Blvd, Naples

3807 White Lake BLVD, Naples, FL, 34...

Building Size

99,713 SF

Asset Type

Self Storage

Closing

Sep 19, 2019

AI

The self-storage facility involved in the transaction is a 1,001-unit property spanning 99,713 square feet, situated on 4.3 acres at 3807 White Lake Blvd in Naples, Florida. The asset, located in the Naples market, was sold by an undisclosed seller and acquired by Public Self Storage for an undisclosed amount.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Undisclosed
  • Address: 3807 White Lake Blvd, Naples, FL
  • Market: Naples
  • Seller's Rep: Cameron Vale and Ryan Clark (SkyView Advisors)
  • Buyer: Public Self Storage
  • Size: 99,713 square feet

Cameron Vale and Ryan Clark of SkyView Advisors represented the undisclosed seller in the sale of the self-storage facility at 3807 White Lake Blvd. The buyer, Public Self Storage, successfully acquired the property, marking a significant transaction in the Naples self-storage market.

Players

Bryan Clark

JLL

Broker

$320.4M

vol

11 deals

Broker

Naples 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93