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

Property Image
SOLD
$3,400,000
Dana Chobor
Jacob Becher
+ 1

Washington

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Self Storage19,240 SF
Sold 07/21/2023
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Property Image
SOLD

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

10121 9th Avenue West Everett, Washington 98204, USA

See Similar Deals
Self Storage19,240 SF
Sold 07/21/2023
Dana Chobor
Jacob Becher
+ 1
Contact now

Summary

WASHINGTON
Asset Type:Self Storage
Price Per Square Foot:$176
Total Square Footage:19,240 SF
Transaction Type:Sale

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
6 deals$62.7M volume
BROKER

Dana Chobor
Colliers
2 deals$28.4M volume
BROKER

Jacob Becher
Colliers
5 deals$39.2M volume(650) 486-2202
BROKER

Nate Fliflet
4 deals$25.8M volume(206) 715-3747
BROKER

Details

SOLD
IMAGE: Jacob Becher, Nate Fliflet, Dana Chobor & Tom De Jong DATE: 07/21/2023 ADDRESS: 10121 9th Ave W MARKET: Everett, WA ASSET TYPE: Self Storage BUYER: In Self Storage SELLER: Blackdog Properties BROKERS: Jacob Becher, Dana Chobor, Tom De Jong & Nate Fliflet - Colliers International SALE PRICE: $3,400,000 UNITS: 119 ~ PPU: $28,571 SF: 19,240 ~ PPSF: $177 NOTE: Colliers facilitated the sale of a 19,240 square foot self-storage property in Everett, Washington, located at 10121 9th Ave. W. The property, comprising 119 storage units ranging from 25 to 400 square feet, was sold to In Self Storage, marking their entry into the Puget Sound real estate market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82