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Life Storage Acquires Industrial Property In Soundview, Bronx For $18M

Property Image
SOLD
$18,000,000
AG
MR

New York

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Industrial49,625 SF
Sold 08/10/2022
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Property Image
SOLD

Life Storage Acquires Industrial Property In Soundview, Bronx For $18M

1430 Bruckner Boulevard, The Bronx, New York 10473, United States

See Similar Deals
Industrial49,625 SF
Sold 08/10/2022
AG
MR
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$362
Total Square Footage:49,625 SF
Transaction Type:Sale

A 49,625 square foot industrial property located at 1430 Bruckner Boulevard in Soundview, Bronx has been sold for a price of $18,000,000. The property, sold by Safe N Lock Self Storage represented by Aryeh Goldman, has been purchased by Life Storage, with Michael Rogers as their representative. The property is situated in the Soundview market of the Bronx.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $18,000,000
  • Address: 1430 Bruckner Boulevard
  • Square Footage: 49,625 SF
  • Market: Soundview, Bronx

Life Storage, represented by Michael Rogers, has acquired the industrial property located at 1430 Bruckner Boulevard in Soundview, Bronx. The property was previously owned by Safe N Lock Self Storage and represented by Aryeh Goldman. The transaction was completed for a price of $18,000,000.

Players

MR
Michael Rogers
2 deals$54.4M volume
BUYER
AG
Aryeh Goldman
5 deals$67.2M volume
SELLER

Details

SOLD
IMAGE: Aryeh Goldman DATE: 08/10/2022 ADDRESS: 1430 Bruckner Boulevard MARKET: Soundview, Bronx ASSET TYPE: Industrial BUYER: Life Storage - Michael Rogers SELLER: Safe N Lock Self Storage - Aryeh Goldman SALE PRICE: $18,000,000 SF: 49,625 ~ PPSF: $362

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20