HPI Real Estate Acquires Self Storage Facility In Richmond
10535 Mason Road, Richmond, TX, USA
Building Size
93,630 SF
Asset Type
—
Closing
May 6, 2021
About this deal
AI
The self storage property located at 10535 Mason Road in Richmond has been sold in a closed transaction. The sale was finalized on 05/07/2021. The property spans across a total square footage of 93,630 and consists of 745 units.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not provided
- Buyer: HPI Real Estate
HPI Real Estate, represented by their broker, acted as the buyer in this transaction.
Traded’s record for 10535 Mason Road, Richmond, TX, USA in Richmond, Texas covers a commercial sale from 2021. Reported inventory is 93,630 square feet across 745 units, or about 0 per square foot. This page is the Richmond, Texas file for the 10535 Mason Road, Richmond, TX, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Richmond sit in the Market section below. Filter that Richmond commercial set by closing date to see what else sold near 10535 Mason Road, Richmond, TX, USA around 2021. Cite this HPI Real Estate Acquires Self Storage Facility In Richmond sale when underwriting similar commercial product around Richmond, Texas.
On the Map
Players
Richmond CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93