SOLD
The Pegasus Group Acquires Self Storage Property In Bee Cave From Endeavor Real Estate Group - JLL
14635 TX-71, Bee Cave, TX, USA
Building Size
31,004 SF
Asset Type
—
Closing
May 20, 2020
About this deal
AI
An anonymous buyer has acquired a self-storage asset in Bee Cave, Texas. The property, located at 14635 TX-71, features a total of 645 units.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Date: 05/20/2021
- Market: Bee Cave
Represented by Jamil Alam and Chris Ellis, the seller of the property is Endeavor Real Estate Group. The buying party, The Pegasus Group, completed the transaction with the assistance of brokers Brian Somoza and Steve Mellon from JLL.
Players
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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