Updated Aug 6, 2026
SOLDSelf Storage
Kirk Johanson Purchases Self Storage Asset In Vero Beach From Zack Widmann For $1.9M
4870 20th Street
$1,900,000
$109/SF
Building Size
17,390 SF
Asset Type
Self Storage
Closing
Jul 30, 2026
About this deal
AI
The transaction involved the sale of a self-storage facility located at 4870 20th Street in Vero Beach. The asset sold for $1,900,000, encompassing 17,390 square feet, resulting in a price per square foot of $109.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $1,900,000
- Address: 4870 20th Street
- Market: Vero Beach
- Square Footage: 17,390
- Price per Square Foot: $109
- Buyer: Kirk Johanson
- Seller: Zack Widmann
- Seller's Representatives: David Perlleshi, Frank DeSalvo - Franklin Street; Michael Mele, Luke Elliott - Cushman & Wakefield
This transaction was facilitated through the collaboration of multiple representatives, emphasizing the importance of teamwork. The successful navigation of a contract cancellation and the swift acquisition of a backup buyer contributed significantly to closing the deal. The opportunity arose from a referral, demonstrating the effectiveness of ongoing partnerships in real estate transactions.
Players
Vero Beach Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael "Mike" Mele to view all their deals.
Browse Vero Beach self storage sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93