OB Companies/My Place Self Storage Acquires Self Storage Facility In Sugar Land, TX
15025 Voss Road, Sugar Land, Texas 77498, United States
Building Size
95,963 SF
Asset Type
—
Closing
Jun 27, 2022
AI
A self-storage property located at 15025 Voss Rd in Sugar Land has been sold. The transaction took place on 06/28/2022, with OB Companies/My Place Self Storage as the buyer and SurePoint Self Storage as the seller. The property, spanning an area of 95,963 square feet, was sold by the brokerage team of Steve Mellon and Brian Somoza from JLL.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 15025 Voss Rd
- Market: Sugar Land
- Buyer: OB Companies/My Place Self Storage
- Seller: SurePoint Self Storage
- Brokers: Steve Mellon & Brian Somoza - JLL
The sale of the self-storage property at 15025 Voss Rd in Sugar Land involved the parties mentioned above. This transaction was facilitated by Steve Mellon and Brian Somoza from JLL, representing the buyer and seller respectively.
Players
Sugar Land 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