Updated Oct 29, 2024
Highline Storage Partners Acquires Self Storage Facility In Murfreesboro, TN For $17.3M
2425 South Church Street, Murfreesboro, Tennessee 37127, United States
$17,300,000
Building Size
—
Asset Type
Self Storage
Closing
Aug 12, 2022
About this deal
AI
Highline Storage Partners has acquired a self-storage facility located at 2425 S Church Street in Murfreesboro, TN. The transaction took place on 12/08/2022, with the property being sold by Wedgewood Avenue for a total price of $17,300,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $17,300,000
- Address: 2425 S Church Street, Murfreesboro, TN
- Market: Murfreesboro, TN
This acquisition by Highline Storage Partners represents a significant investment in the self-storage sector. The property's location on S Church Street in Murfreesboro, TN, adds to its appeal as the city continues to experience growth and demand for self-storage solutions. The transaction demonstrates the strong interest and confidence in the local market.
Players
Murfreesboro Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93