Boundary Cos. Acquires Self Storage Property In Hallandale Beach For $23M

The recently closed property transaction in Hallandale Beach involved the sale of a self-storage facility located at 450 Ansin Blvd. The property spans across 8.4 acres and is owned by City Line Capital, represented by Richard Schontz. The buyer, Boundary Cos., acquired the asset for a total sale price of $23,000,000. The property comprises 136,591 square feet, resulting in a price per square foot of $168. The transaction took place on February 15, 2022.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $23,000,000
• Address: 450 Ansin Blvd
• Market: Hallandale Beach
• Acres: 8.4

Boundary Cos. acted as the buyer in this transaction, while City Line Capital, represented by Richard Schontz, served as the seller. Seacost National Bank provided the financing for the deal. The involvement of these individuals and companies highlights the key players in the successful closure of this sale.