JLL Brokers Secure $33.2M Acquisition Loan For Staten Island Self-Storage Facility
620 Richmond Terrace, Staten Island, New York 10301, United States
$33,200,000
$224/SF
Building Size
148,000 SF
Asset Type
—
Closing
May 26, 2022
AI
A special purpose/self-storage facility located at 620 Richmond Terrace in Staten Island has been involved in a recent closed transaction. The property spans approximately 148,000 square feet and is situated in the Staten Island market. The transaction involved an acquisition loan provided by SoundPoint Capital in the amount of $33,200,000.
Summary of transaction details:
- Property Type: Special Purpose/Self-Storage Facility
- Transaction Amount: $33,200,000
- Address: 620 Richmond Terrace
- Market: Staten Island
- Loan Type: Acquisition
- Lender: SoundPoint Capital
- Landlord: Storage Post Self Storage - Bruce Roch & Dylan Delaune
- Brokers: Steven Klein, Robert Tonnessen, Jackie Ferrer & Ricky Song - JLL
The loan for this transaction was facilitated by SoundPoint Capital, while the property is owned by Storage Post Self Storage, represented by Bruce Roch and Dylan Delaune. The brokers involved in the deal were Steven Klein, Robert Tonnessen, Jackie Ferrer, and Ricky Song from JLL.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93