Baranof Holdings Acquires Self Storage Property In Stoneham, MA For $27.5M
SOLD
$27,500,000
Massachusetts
See Similar Deals89,000 SF
Sold 10/29/2021
SOLD
Baranof Holdings Acquires Self Storage Property In Stoneham, MA For $27.5M
54 Montvale Avenue, Stoneham, MA 02180
See Similar Deals89,000 SF
Sold 10/29/2021
Summary
MASSACHUSETTS
Price Per Square Foot:$309
Total Square Footage:89,000 SF
Transaction Type:Sale
The self storage facility located at 54 Montvale Avenue in Stoneham, MA has been sold for a price of $27,500,000. The property spans approximately 89,000 square feet, resulting in a price per square foot of $309. The transaction was completed on October 29, 2021, and the buyer is Baranof Holdings.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $27,500,000
- Address: 54 Montvale Avenue, Stoneham, MA
- Market: Stoneham, MA
- Square Footage: 89,000
- Price per Square Foot: $309
The seller of the self storage facility was Jumbo Capital, represented by Sam Weissman. The seller's representative in the deal was Newmark Houston.
Please note that more information about this transaction can be found in the following link:
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
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