Updated Oct 29, 2024
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.
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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