Updated Oct 14, 2026
NexPoint Storage Partners, Inc. Acquires Self-Storage Portfolio In Baltimore, Cleveland, Detroit, Houston, Miami/Ft. Lauderdale, Nashville, New Orleans, Philadelphia &Washington D.C For $1.7B
Miami, Florida, United States
$1,700,000,000
Building Size
—
Asset Type
Self Storage
Closing
Dec 12, 2022
About this deal
AI
A self-storage portfolio located in Baltimore, Cleveland, Detroit, Houston, Miami/Ft. Lauderdale, Nashville, New Orleans, Philadelphia, and Washington D.C has been sold for approximately $1,700,000,000. The portfolio consists of multiple self-storage assets.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $1,700,000,000 (Approx.)
- Address: Self-Storage Portfolio
- Market: Baltimore, Cleveland, Detroit, Houston, Miami/Ft. Lauderdale, Nashville, New Orleans, Philadelphia & Washington D.C
The buyer, NexPoint Storage Partners, Inc. represented by John Good, has acquired the self-storage portfolio. The seller, SAFStor, represented by Andrew Young, agreed to the transaction.
On the Map
$1,700,000,000
Self Storage
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Players
Miami 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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93