Joseph D. Margolis Of Extra Space Storage Acquires Self Storage Facility In Middleboro For $3.53M
204 Everett Street
$3,525,000
$188/SF
Building Size
18,710 SF
Asset Type
Self Storage
Closing
Feb 9, 2025
AI
The self-storage facility located at 204 Everett Street in Middleboro, MA, was sold for $3,525,000. The property encompasses 18,710 square feet on 2.55 acres, featuring 161 storage units, two offices, and 18 parking spaces. The facility was built in 2017.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $3,525,000
- Square Footage: 18,710
- Price Per Square Foot: $188
- Buyer: Joseph D. Margolis
- Company: Extra Space Storage
- Address: 204 Everett Street, Middleboro, MA
- Acres: 2.55
- Date of Transaction: 02/09/2025
Joseph D. Margolis represented Extra Space Storage in the acquisition of the property, facilitating the transaction and overseeing the details related to the deal between the involved parties.
Players
Middleboro 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93