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StorageBlue Self Storage Acquires Industrial Property In Rosebank For $57M

Property Image
SOLD
$57,000,000

New York

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Industrial215 SF
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Property Image
SOLD

StorageBlue Self Storage Acquires Industrial Property In Rosebank For $57M

330 Tompkins Avenue

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Industrial215 SF
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$265,116
Total Square Footage:215 SF
Transaction Type:Sale

An industrial property located at 330 Tompkins Avenue in the Rosebank market has been sold. The property spans a total area of 215,365 square feet and was acquired by StorageBlue Self Storage for a total sale price of $57,000,000. This amounts to a price per square foot of $264.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $57,000,000
  • Address: 330 Tompkins Avenue
  • Market: Rosebank

StorageBlue Self Storage, represented by Alan Mruvka, purchased the property from American Real Estate Management and American Self Storage. The sellers were represented by Warren Diamond and John Del Monaco.

Players

6 deals$335.8M volume
BUYER

Details

SOLD
IMAGE: Alan Mruvka DATE: 05/29/2022 ADDRESS: 330 Tompkins Avenue MARKET: Rosebank ASSET TYPE: Industrial BUYER: StorageBlue Self Storage (@StorageBlueNJ) - Alan Mruvka (@AlanMruvka) SELLER: American Real Estate Management & American Self Storage (@American_Self_Storage) - Warren Diamond & John Del Monaco SALE PRICE: $57,000,000 SF: 215,365 ~ PPSF: $264

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

$3,040,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96