ZYX Capital brokered an off market self storage asset for $17,500,000. Jonathan Salk, managing broker of ZYX Capital, who represented both the buyer and the seller, said he was "pleased to have helped both parties close on this transaction, especially after the The FED's recent announcement, of a potential hike in interest rates to come amid inflationary battles".
The asset is composed of 8 different with a mix of storage unit sizes and is fully secured with a fence around the property's perimeter and requires an access code for gate entry. The roofs were all replaced 12 months prior to closing, which enabled the buyer to expedite their diligence time frame. Buyer has plans to overhaul the facility with LED lighting for better night-time access in an effort to increase rents, which continue to soar across Miami-Dade County.