Merit Hill Capital Acquires Self-Storage Facility In Conroe, Texas
5891 Interstate 45 South, Conroe, TX, USA
Building Size
52,480 SF
Asset Type
—
Closing
Apr 19, 2021
AI
The self-storage property located at 15891 Interstate 45 South in Conroe has been sold. The transaction was completed on April 20, 2021. The property, consisting of 52,480 square feet, offers 421 units.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: Not provided
The buyer of the property was Merit Hill Capital, represented by Liz Raun Schlesinger and Brent Hardy. The brokers involved in the deal were Craig Rice and Cole Rice of CSD Realty.
Players
Conroe 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