SOLD
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
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.
Players
HE
HPI Real EstateBuyer
Richmond CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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