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204 Everett Street

Joseph D. Margolis Of Extra Space Storage Acquires Self Storage Facility In Middleboro For $3.53M
SOLDSelf Storage

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