LandPark Advisors Acquires Self Storage Property In Houston For 234 Units
11901 Tomball Parkway, Houston, Texas 77086, United States
Units
234
Asset Type
—
Closing
Jan 26, 2022
About this deal
AI
A self-storage property located at 11901 State Hwy 249 in Houston has been sold in a recent transaction. The property consists of 234 units and was sold on 01/27/2022. The sale was facilitated by LandPark Advisors, with Peter Wall representing the buyer.
Summary of transaction details
- Property Type: Self Storage
- Transaction Date: 01/27/2022
- Address: 11901 State Hwy 249, Houston
- Market: Houston
- Number of Units: 234
LandPark Advisors, represented by Peter Wall, acted as the buyer in this transaction. Their expertise played a vital role in the successful acquisition of the self-storage property.
Players
Houston 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