Joseph D. Russell, Jr Of Public Storage Acquires Self Storage Asset In Winter Haven For $10.2M
4750 Lucerne Park Road
$10,200,000
$122/SF
Building Size
83,000 SF
Asset Type
Self Storage
Closing
Mar 27, 2025
AI
The property involved in this transaction is a self-storage facility located at 4750 Lucerne Park Road in the Winter Haven market. The sale occurred on March 27, 2025, with a transaction amount of $10,200,000.00. The facility consists of 554 units and encompasses a total square footage of 83,000.0.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $10,200,000.00
- Address: 4750 Lucerne Park Road
- Market: Winter Haven
- Units: 554
- Square Footage: 83,000.0
- Buyer: Joseph D. Russell, Jr - Public Storage
The transaction was facilitated by brokers George Kondracke, Nathan Coe, Gabriel Coe, and Brett Hatcher, all from Marcus & Millichap, representing the buyer in this deal.
Players
Winter Haven 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93