Updated Oct 29, 2024
Arcland Property Co Acquires Self Storage Facility For $18.6M In Stafford, VA
1163 Garrisonville Road, Stafford, Virginia 22556, United States
$18,600,000
$195,789/SF
Building Size
95 SF
Asset Type
Self Storage
Closing
May 12, 2022
About this deal
AI
The sale of a self-storage property located at 1163 Garrisonville Road in Stafford, VA has been completed. The property, comprising 943 units with a total square footage of 95,769, was sold for a total price of $18,600,000. This translates to a price per unit of $19,724 and a price per square foot of $194.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $18,600,000
- Address: 1163 Garrisonville Road, Stafford, VA
- Market: Stafford, VA
- Buyer: Arcland Property Co
- Seller: Dominion Capital Partners
- Units: 943
- Price Per Unit: $19,724
- Square Footage: 95,769
- Price Per Square Foot: $194
The buyer in this transaction is Arcland Property Co, while Dominion Capital Partners acted as the seller. The completion date of the sale was on December 5, 2022. The sale price of $18,600,000 reflects the value placed on this self-storage property located at 1163 Garrisonville Road in Stafford, VA.
Players
Stafford 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93