West Gardiner Self Storage, LLC Sells Self Storage In West Gardiner For $2.134M
17 Town House Road
$2,134,000
$82/SF
Building Size
26,000 SF
Asset Type
Self Storage
Closing
May 1, 2024
AI
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.
West Gardiner 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
7.43%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93