AGAP Seguin Lettau LLC Acquires Self Storage Property In Seguin From Seller KTCK2 Management LLC
122 Lettau Avenue, Seguin, TX 78155, USA
Building Size
53,650 SF
Asset Type
—
Closing
Sep 2, 2021
AI
A self-storage property in Seguin has been sold. The property is located at 122 Lettau Ave and consists of 321 units with a total square footage of 53,650. The transaction took place on September 2, 2021. The property was sold by KTCK2 Management LLC to AGAP Seguin Lettau LLC. The sale was facilitated by Bill Bellomy and Michael Johnson from Bellomy & Co.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 122 Lettau Ave
- Market: Seguin
- Units: 321
- Square Footage: 53,650
Bill Bellomy and Michael Johnson from Bellomy & Co represented the seller, KTCK2 Management LLC, in the deal.
Players
Seguin 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