Marcus & Millichap Brokers Sell Middle Island Self Storage For $25M
901 Middle Country Road, Middle Island, NY, USA
$25,000,000
$337/SF
Building Size
74,061 SF
Asset Type
—
Closing
Oct 11, 2021
About this deal
AI
Located at 901 Middle Country Rd. in Middle Island, this self storage property was recently sold. The transaction took place on 10/11/2021 for a total sale price of $25,000,000. The property consists of 726 units, with an average price per unit of $34,435. The total square footage of the property is 74,061, with a price per square foot of $337.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $25,000,000
- Address: 901 Middle Country Rd.
- Market: Middle Island
- Units: 726
- Price per Unit: $34,435
- Square Footage: 74,061
- Price per Square Foot: $337
The sale of this self storage property was facilitated by Nathan Coe, Brett Hatcher, Gabriel Coe, and John Krueger from Marcus & Millichap. These brokers represented the parties involved in the deal, ensuring a successful transaction.
On the Map
$25,000,000
$337/SF
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Players
Middle Island CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93