Bull Realty Brokers $3.4 Million Sale of Baymeadows Self-Storage in Jacksonville, FL

JACKSONVILLE, Fla. - June 10, 2015 - PRLog -- Bull Realty brokered the sale of Baymeadows Self-Storage in Jacksonville, FL, a 474-unit facility consisting of both climate and non-climate controlled units. The sale closed on May 26, 2015 for $3.4 million at a 7.35% cap rate.

Graham Hill, Senior VP, National Self-Storage Group at Bull Realty, was the only broker involved in the sale of the property.

This facility has 63,747 RSF on 2.5 acres.  The seller, Jimmy Jaffa, was also the original developer. Hill said, “Mr. Jaffa was very proud of his creation and he knew every nut and bolt of the facility. It was a family business and after 11 years of ownership, Mr. Jaffa decided with the low interest rates and high buyer demand, it was time to sell.”

The buyer was a private company based in Florida.

Graham Hill

(404) 876-1640 Ext 161

Bull Realty, Inc. is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. (404) 876-1640