Life Storage Acquires Industrial Property In Jamaica For $36.4M | 134-31 Merrick Boulevard | Industrial | Sale

Summary

Sale

NEW YORK

Industrial

70,022 sqft

The industrial property located at 134-31 Merrick Boulevard in Jamaica has been sold. The transaction took place on March 15, 2021, with a sale price of $36,400,000. The property has a building square footage (BSF) of 70,022 and a price per BSF (PPBSF) of $519. The total square footage (SF) is also 70,022, with a price per square foot (PPSF) of $519. The property has a floor area ratio (FAR) of 1.00 and falls under tax class 4. The lot size is 70,022 with dimensions of 408.08 ft x 211 ft.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $36,400,000
Market: Jamaica
Buyer: Life Storage
Seller: SNL Development Group

Life Storage was represented by their broker in the deal.

Details

Deal Summary

SOLD

IMAGE: 03/15/2021 ADDRESS: 134-31 Merrick Boulevard MARKET: Jamaica ASSET TYPE: Industrial ~ ZONING: BUYER: Life Storage SELLER: SNL Development Group SALE PRICE: $36,400,000 BSF: 70,022 ~ PPBSF: $519 SF: 70,022 ~ PPSF: $519 FAR: 1.00 TAX CLASS: 4 LOT SIZE: 70,022 LOT DIMENSIONS: 408.08 ft x 211 ft

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Address134-31 Merrick Boulevard

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