Zack Linford Of InSite Property Group Acquires Self Storage Facility In Miami For $32.72M
650 Northwest 30th Street
$32,720,000
$265/SF
Building Size
123,379 SF
Asset Type
Self Storage
Closing
Jul 28, 2026
AI
A 123,379-square-foot self-storage facility located at 650 Northwest 30th Street in Miami, FL has been sold for $32,720,000. The property, constructed in 2020, consists of 1,100 storage units and is situated near Interstate 95, contributing to its accessibility and potential as a modern asset in the market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $32,720,000
- Square Footage: 123,379
- Price Per Square Foot: $265
- Buyer: Zack Linford - InSite Property Group
- Seller: Howard Pryor - SpareSpace Storage
Zack Linford, representing InSite Property Group, has acquired the facility from Howard Pryor, who represented SpareSpace Storage in the sale. This transaction adds to InSite's growing portfolio of self-storage assets in the competitive Miami real estate market.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93