SDG Acquires Self Storage Facility In Brookline From Longwood Self Storage For $11.25M
5 Station Street
$11,250,000
$218/SF
Building Size
51,543 SF
Asset Type
Self Storage
Closing
Jan 31, 2025
AI
The asset involved in this transaction is a self storage facility located at 5 Station Street in Brookline, MA. The property was sold for $11,250,000, encompassing a total square footage of 51,543, translating to a price per square foot of $218.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $11,250,000
- Address: 5 Station Street
- Market: Brookline, MA
- Square Footage: 51,543
- Price Per Square Foot: $218
- Buyer: SDG
- Seller: Longwood Self Storage
- Seller's Representative: Christopher Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones, Mary VanNatta, Julie Regan - Cushman & Wakefield
This transaction involved key individuals from Cushman & Wakefield representing the seller, highlighting a collaborative effort among the brokers. The collective expertise of the representatives played a pivotal role in facilitating this substantial deal within the self storage market.
Players
Brookline 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93