Endeavor Real Estate Group Acquires Self Storage In Austin From Extra Space Storage
1620 South Interstate 35, Austin, Texas 78664, United States
Building Size
92,288 SF
Asset Type
—
Closing
Jul 18, 2022
About this deal
AI
The self-storage property located at 1620 S Ih 35 in Austin has been sold. The property has a total area of 92,288 square feet and consists of 952 units. The transaction took place on July 19, 2022.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not provided
The buyer of the property is Endeavor Real Estate Group, while the seller is Extra Space Storage. The deal was facilitated by brokers Steve Mellon, Brian Somoza, Adam Roossien, and Matthew Wheeler from JLL.
On the Map
Players
Austin 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