Woodstown Mini Storage LLC Sells Self Storage In Pilesgrove For $2.5M With Buyer's Rep Matthew Junkin & Brian C. Hosey - Marcus & Millichap
SOLD
$2,500,000
New Jersey
See Similar Deals22,480 SF
Sold 04/07/2022
SOLD
Woodstown Mini Storage LLC Sells Self Storage In Pilesgrove For $2.5M With Buyer's Rep Matthew Junkin & Brian C. Hosey - Marcus & Millichap
231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States
See Similar Deals22,480 SF
Sold 04/07/2022
Summary
NEW JERSEY
Price Per Square Foot:$111
Total Square Footage:22,480 SF
Transaction Type:Sale
231 East Lake Road in Pilesgrove has been sold for $2,500,000. This self-storage property spans 22,480 square feet, resulting in a price per square foot of $111. The seller of the property was Woodstown Mini Storage LLC.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $2,500,000
- Address: 231 East Lake Road, Pilesgrove
- Market: Pilesgrove
This transaction was facilitated by Marcus & Millichap, represented by Matthew Junkin and Brian C. Hosey.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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