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
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