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1301 Capshaw Road Harvest, ...

Reliant Real Estate Management Acquires StoreEase Self Storage In Harvest, AL For $5.6M
SOLDSelf Storage

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

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.

Players

Charles LeClaire

Marcus & Millichap

Broker

$5.6M

vol

23 deals

Broker

Huntsville Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

Loading comparables…

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