Updated Sep 23, 2026
Travis Russell Acquires Self Storage Facility In Burlington From Alex Lopez For $1.6M
1550 Industry Drive
$1,500,000
$56/SF
Building Size
26,368 SF
Asset Type
Self Storage
Closing
Sep 14, 2026
About this deal
AI
A self-storage asset located at 1550 Industry Drive in Burlington has been sold for $1,600,000. The property spans 26,368 square feet, resulting in a price per square foot of $61.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $1,600,000
- Square Footage: 26,368
- Price per Square Foot: $61
- Buyer: Travis Russell
- Seller: Alex Lopez
- Seller's Representative: Frank DeSalvo & David Perlleshi - Franklin Street
- Date of Sale: 09/14/2026
- Market: Burlington
The transaction was facilitated by Franklin Street, which structured a creative master lease to assist the buyer in finalizing the purchase while ensuring the seller could exit successfully, ultimately transforming a complex deal into a beneficial outcome for the client.
Players
Burlington 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93