Pawling Self Storage LLC Acquires Self Storage Facility In Pawling For $4,715,000
133 Route 22
$4,715,000
$152/SF
Building Size
31,000 SF
Asset Type
Self Storage
Closing
Dec 17, 2021
AI
The property involved in this transaction is a self-storage asset located at 133 Route 22 in Pawling. The asset has a total square footage of 31,000 and was sold for a transaction amount of $4,715,000.00.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $4,715,000.00
- Address: 133 Route 22
- Market: Pawling
- Square Footage: 31,000
- Buyer: Pawling Self Storage LLC
- Seller: Armagh Storage Group LLC
- Brokers: Raphael David Jajati (Capital Property Partners), Amir Tal
In this closed transaction, Pawling Self Storage LLC acquired the self-storage facility from Armagh Storage Group LLC, facilitated by brokers Raphael David Jajati representing Capital Property Partners and Amir Tal.
Players
Pawling Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93