Safeguard Self Storage Acquires College Point Warehouse For $15M
131-21 14th Ave, Flushing, NY 11356, USA
$15,000,000
$269/SF
Building Size
55,700 SF
Asset Type
Other
Closing
Sep 30, 2019
About this deal
AI
A warehouse located at 131-21 14th Avenue in College Point, Queens has been sold for a price of $15,000,000. The property spans 55,700 square feet, resulting in a price per square foot of $269. The total building square footage is 73,340, leading to a price per building square foot of $204.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $15,000,000
- Address: 131-21 14th Avenue, College Point, Queens
- Market: College Point, Queens
- SF: 55,700
- PPSF: $269
- BSF: 73,340
- PPBSF: $204
The buyer of the warehouse was Safeguard Self Storage, while the seller was Samuel Pure.
Players
College Point Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93