SOLDSelf Storage
Life Storage Inc. Acquires 23 Property Portfolio In Tampa FL, Atlanta & Chicago
Tampa, Florida, United States
$369,000,000
$246/SF
Building Size
1,500,000 SF
Asset Type
Self Storage
Closing
Dec 17, 2021
AI
A portfolio of 23 properties has been sold in Tampa FL, Atlanta, and Chicago. The asset type is self storage, with a total square footage of 1,500,000 and 13,989 units. The sale was finalized on December 17, 2021.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $369,000,000
- Market: Tampa FL, Atlanta & Chicago
- Square Footage: 1,500,000
- Number of Units: 13,989
- Buyer: Life Storage Inc.
- Seller: Metro Storage LLC
- Broker: Marc Boorstein - MJ Partners Real Estate Services
Marc Boorstein from MJ Partners Real Estate Services represented the buyer, Life Storage Inc., in this transaction.
Players
Tampa Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93