Updated Oct 29, 2024
Reliant Real Estate Management Acquires StoreEase Self Storage In Harvest, AL For $5.6M
1301 Capshaw Road Harvest, AL 35749, USA
$5,600,000
$94/SF
Building Size
59,150 SF
Asset Type
Self Storage
Closing
Aug 23, 2023
About this deal
AI
Reliant Real Estate Management, operating as Midgard Self Storage, has acquired the StoreEase Capshaw Road self-storage facility in Huntsville, Alabama. The property spans 59,150 square feet and was purchased for $5.6 million, resulting in a price per square foot of $95. Located at 1301 Capshaw Road in Harvest, AL, the self-storage asset offers ample space for customers to store their belongings.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $5,600,000
- Square Footage: 59,150
- Address: 1301 Capshaw Road, Harvest, AL
The buyer, Reliant Real Estate Management, was represented by the brokerage firm Marcus & Millichap. The team responsible for this transaction includes Adam Schlosser, Charles LeClaire, Eddie Greenhalgh, and Ian Lindahl. They played a key role in facilitating the acquisition of the StoreEase Capshaw Road self-storage facility.
On the Map
$5,600,000
$94/SF
Self Storage
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Players
Huntsville 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93