Updated Dec 7, 2024
Daniel Skip Elefante Purchases Self Storage Facility From Doug Anderson For $8.9 Million
931 Chalet Suzanne Road
$8,900,000
$145/SF
Building Size
61,375 SF
Asset Type
Self Storage
Closing
Nov 8, 2024
About this deal
AI
The property involved in this transaction is a self-storage facility located at 931 Chalet Suzanne Road, Lake Wales. The sale price for the asset was $8,900,000, covering an area of 61,375 square feet, which translates to a price per square foot of $145.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $8,900,000
- Address: 931 Chalet Suzanne Road
- Market: Lake Wales
- Square Footage: 61,375
- Price per Square Foot: $145
- Buyer: Daniel "Skip" Elefante
- Seller: Doug Anderson
- Brokers: David Perlleshi & Frank DeSalvo - Franklin Street
The transaction featured key involvement from Daniel "Skip" Elefante as the buyer and Doug Anderson as the seller. The brokerage team representing this deal included David Perlleshi and Frank DeSalvo from Franklin Street, providing their expertise in facilitating this transaction.
On the Map
$8,900,000
$145/SF
Self Storage
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Players
Lake Wales 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93