Boundary Ventures Acquires Elkton, MD Self Storage Facility For $18.8M
804 East Pulaski Highway, Elkton, Maryland 21921, United States
$18,800,000
Units
883
Asset Type
—
Closing
Aug 2, 2022
About this deal
AI
The self storage property located at 804 E Pulaski Hwy, 4 Coachman Dr, 1089 Augustine Herman Hwy & 1882 W Pulaski Hwy in Elkton, MD was sold on August 3, 2022. The transaction involved the sale of a total of 883 units for a price of $18,800,000, resulting in a per unit price of $21,291.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $18,800,000
- Address: 804 E Pulaski Hwy, 4 Coachman Dr, 1089 Augustine Herman Hwy & 1882 W Pulaski Hwy, Elkton, MD
- Market: Elkton, MD
- Buyer: Boundary Ventures
- Seller: Acorn Investment Company
MacKenzie Commercial Real Estate Services represented the buyer, Boundary Ventures, in this transaction.
Players
Elkton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93