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West Gardiner Self Storage, LLC Sells Self Storage In West Gardiner For $2.134M
SOLD
$2,134,000
Maine
See Similar DealsSelf Storage26,000 SF
Sold 05/01/2024
SOLD
West Gardiner Self Storage, LLC Sells Self Storage In West Gardiner For $2.134M
17 Town House Road
See Similar DealsSelf Storage26,000 SF
Sold 05/01/2024
Summary
MAINE
Asset Type:Self Storage
Price Per Square Foot:$82
Total Square Footage:26,000 SF
Transaction Type:Sale
A newly constructed 26,000 square foot self-storage facility at 17 Town House Rd. in West Gardiner, ME, was sold for $2.134 million. The property comprises five storage-unit buildings on a 7.5± acre lot.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $2,134,000
- Address: 17 Town House Road, West Gardiner, ME
- Market: West Gardiner, ME
- SF: 26,000
- PPSF: $82
- Buyer: West Gardiner Self Storage, LLC
- Seller: 17 Town House Road, LLC
- Broker: Brandon Mitchell - Malone Commercial Brokers
Malone Commercial Brokers (MCB) facilitated the sale of the self-storage facility mentioned above. Brandon Mitchell, representing Malone Commercial Brokers, was the broker overseeing this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,813.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,581.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,116.25
Annual Debt Service$121,394.98
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