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8550 Old Winter Garden Rd O...

Updated Oct 29, 2024

Wentworth Properties Acquires Windermere Storage In Orlando For $23.1M
SOLDSelf Storage

Wentworth Properties Acquires Windermere Storage In Orlando For $23.1M

8550 Old Winter Garden Rd Orlando, FL 32835, USA

$23,100,000

$259/SF

Building Size

89,145 SF

Asset Type

Self Storage

Closing

Jul 5, 2023

About this deal

AI

CBRE's Self Storage Advisory Group has sold Windermere Storage, an 89,145-square-foot self-storage facility in Orlando, for $23.1 million. The property is located at 8550 Old Winter Garden Road and includes climate-controlled units, an office building, and parking spaces. The sale price equates to a price per square foot of $259.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $23,100,000
  • Address: 8550 Old Winter Garden Road
  • Market: Orlando

Wentworth Properties, represented by George Savva, acquired Windermere Storage from Schrimsher Properties. CBRE's Self Storage Advisory Group acted as the broker in the deal.

Note: The transaction involved the sale of an 89,145-square-foot self-storage facility in Orlando. The property offers climate-controlled units, an office building, and parking spaces. Schrimsher Properties, represented by CBRE, was the seller, while Wentworth Properties, represented by George Savva, purchased the asset for $23.1 million.

Players

Miami Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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Deal FAQ

About $259 per square foot on a published $23.1M for 89,145 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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