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Bright Highway 87 Acquires Xtra Room Self-Storage In Sanford For $2.14 Million
SOLD
$2,140,000
North Carolina
See Similar DealsSelf Storage
Sold 12/31/2025
SOLD
Bright Highway 87 Acquires Xtra Room Self-Storage In Sanford For $2.14 Million
8833 Us Route 15
See Similar DealsSelf Storage
Sold 12/31/2025
Summary
NORTH CAROLINA
Asset Type:Self Storage
Transaction Type:Sale
The property asset involved in the transaction is a self-storage facility located at 8833 Us Route 15, Sanford, NC, consisting of 41 acres. The sale price for this facility was $2,140,000, with individual storage units priced between $45 and $155 per month.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $2,140,000
- Buyer: Bright Highway 87
- Market: Sanford, NC
- Asset Size: 41 acres
The deal specifically involved Bright Highway 87 acquiring Xtra Room Self-Storage, a facility positioned between Pittsboro and Sanford. This transaction reflects strategic investment within the self-storage market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,602.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,144.69
Annual Debt Service$121,736.30
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