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

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.