Updated Oct 28, 2024
Lakeland Village Acquires Self Storage In Salisbury & Mooresvill, NC For $23.6M
725 Jake Alexander Boulevard South, Salisbury, North Carolina 28147, United States
$23,600,000
Building Size
—
Asset Type
—
Closing
Aug 21, 2022
About this deal
AI
725 Jake Alexander Blvd S & 1110 Brawley School Rd, located in Salisbury & Mooresville, NC, was recently sold for a total of $23,600,000. The property is a self-storage facility.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $23,600,000
- Buyer: Lakeland Village
- Broker: Morgan Windbiel - CBRE
Morgan Windbiel from CBRE represented Lakeland Village as the buyer in this transaction.
The commercial sale at 725 Jake Alexander Boulevard South, Salisbury, North Carolina 28147, United States in Salisbury, North Carolina sold for $23.6M in 2022. Morgan Windbiel, CBRE appear on the sale alongside CBRE. This page is the Salisbury, North Carolina file for the 725 Jake Alexander Boulevard South, Salisbury, North Carolina 28147, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Salisbury sit in the Market section below. Filter that Salisbury commercial set by closing date to see what else sold near 725 Jake Alexander Boulevard South, Salisbury, North Carolina 28147, United States around 2022. Published consideration for 725 Jake Alexander Boulevard South, Salisbury, North Carolina 28147, United States is $23.6M, dated 2022. Cite this Lakeland Village Acquires Self Storage In Salisbury & Mooresvill, NC For $23.6M sale when underwriting similar commercial product around Salisbury, North Carolina.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93