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
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