Updated Oct 29, 2024
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
About this deal
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.
On the Map
Self Storage
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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