Extra Space Storage Acquires Industrial Asset In Margate For $22.1M

The industrial property located at 750 & 780 South State Road 7 in Margate has been sold. The property, with a total square footage of 101,300, was sold for a price of $22,100,000, resulting in a price per square foot of $218. The transaction took place on October 13, 2021.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $22,100,000
• Buyer: Extra Space Storage - Joseph D. Margolis
• Seller: Nuvo Development
• Address: 750 & 780 South State Road 7, Margate
• Market: Margate

Extra Space Storage, represented by Joseph D. Margolis, acquired the industrial property from Nuvo Development. The transaction was completed on October 13, 2021, for a total price of $22,100,000. This deal represents a price per square foot of $218. The property is located at 750 & 780 South State Road 7 in Margate.