facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Self Storage

/

Sale

/

East Capital Partners Acqui...

Updated Dec 4, 2024

SOLDSelf Storage

East Capital Partners Acquires Self Storage In Miami For $17.5M

$17,500,000

$205/SF

Building Size

85,000 SF

Asset Type

Self Storage

Closing

Apr 23, 2024

About this deal

AI

A self storage property in Miami was recently sold for $17,500,000. Spanning 85,000 square feet, the property was acquired at a price of $206 per square foot. East Capital Partners was the buyer in this transaction, closing the deal on April 23, 2024.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $17,500,000
  • Market: Miami
  • Buyer: East Capital Partners
  • Broker: Jonathan Salk - ZYX Capital
  • Square Footage: 85,000
  • Price Per Square Foot: $206

ZYX Capital, represented by Jonathan Salk, facilitated the transaction for the buyer, East Capital Partners. Despite challenging market conditions, ZYX Capital successfully closed their 4th deal of 2024 with the sale of this self storage property. For those interested in purchasing self-storage assets, ZYX Capital has additional inventory available and can be contacted at (305) 799-7681.

Players

Jonathan Salk

ZYX Capital

Broker

$135.8M

vol

7 deals

Broker
Bilt advertisement

Market Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

Loading comparables…

Deal FAQ

About $205 per square foot on a published $17.5M for 85,000 square feet (2024).

Visit Jonathan Salk to view all their deals.

Browse Florida self storage sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals