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Merit Hill Capital Acquires Self Storage Property In Davie For $17.5M

Property Image
SOLD
$17,500,000

Florida

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Self Storage72 SF
Sold 11/22/2022
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Property Image
SOLD

Merit Hill Capital Acquires Self Storage Property In Davie For $17.5M

5370 South University Drive, Davie, Florida 33328, United States

See Similar Deals
Self Storage72 SF
Sold 11/22/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$243,055
Total Square Footage:72 SF
Transaction Type:Sale

Located at 5370 South University Drive in Davie, this self-storage property spans across 4.5 acres. The transaction, which took place on November 22, 2022, involved the sale of the property.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $17,500,000
  • Square Footage: 72,401
  • Price per Square Foot: $242
  • Number of Units: 20
  • Price per Unit: $875,000
  • Market: Davie
  • Buyer: Merit Hill Capital - Elizabeth Schlesinger
  • Seller: Everest Properties

Elizabeth Schlesinger, representing Merit Hill Capital, was the buyer in this transaction, while Everest Properties acted as the seller.

Players

ES
Elizabeth Schlesinger
6 deals$88.7M volume
BUYER
Merit Hill Capital LP
Merit Hill Capital LP
BUYER

Details

SOLD
IMAGE: Elizabeth Schlesinger DATE: 11/22/2022 ADDRESS: 5370 South University Drive MARKET: Davie ASSET TYPE: Self Storage ~ ACRES: 4.5 BUYER: Merit Hill Capital - Elizabeth Schlesinger SELLER: Everest Properties SALE PRICE: $17,500,000 SF: 72,401 ~ PPSF: $242 UNITS: 20 ~ PPU: $875,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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