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10121 9th Avenue West Evere...

In Self Storage Acquires Everett Self Storage Property For $3.4M
SOLDSelf Storage

In Self Storage Acquires Everett Self Storage Property For $3.4M

10121 9th Avenue West Everett, Washington 98204, USA

$3,400,000

$176/SF

Building Size

19,240 SF

Asset Type

Self Storage

Closing

Jul 21, 2023

AI

A 19,240 square foot self-storage property located at 10121 9th Ave. W in Everett, Washington, has been sold for a price of $3,400,000. The property comprises 119 storage units ranging from 25 to 400 square feet.

Summary of transation details

  • Property Type: Self Storage
  • Transaction Amount: $3,400,000
  • Units: 119
  • Price per Unit: $28,571
  • Square Footage: 19,240
  • Price per Square Foot: $177
  • Address: 10121 9th Ave W, Everett, WA
  • Market: Everett, WA

The sale of this self-storage property was facilitated by Colliers International. The buyers, In Self Storage, entered the Puget Sound real estate market with this acquisition. The brokers involved in the deal were Jacob Becher, Dana Chobor, Tom De Jong, and Nate Fliflet from Colliers International.

Players

Tom de Jong

Colliers

Broker

$62.7M

vol

6 deals

Broker

Everett 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93