Elizabeth Raun-Schlesinger Purchases Self Storage Facility In Merrillville For $3.06M With Brokers Ingla Robinson Ta'Mara Jones Leanna Calderon
West 79th Avenue
$3,062,000
$92/SF
Building Size
33,000 SF
Asset Type
Self Storage
Closing
Jun 25, 2024
AI
The property involved in this transaction is a self-storage facility located at 240 West 79th Avenue, Merrillville, IN. The sale price for the asset was $3,062,000, with a total square footage of 33,000, resulting in a price per square foot of $92.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $3,062,000
- Address: 240 West 79th Avenue
- Market: Merrillville, IN
- Square Footage: 33,000
- Price Per Square Foot: $92
- Buyer: Elizabeth Raun-Schlesinger
- Seller: Martin Shreibak
- Brokers: Ingla Robinson, Ta'Mara Jones, Leanna Calderon - Calvary Realty
The transaction was facilitated by representatives from Calvary Realty, specifically Ingla Robinson, Ta'Mara Jones, and Leanna Calderon, who played a significant role in bringing together the buyer, Elizabeth Raun-Schlesinger, and the seller, Martin Shreibak.
Players
Merrillville 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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93