StorageMart Acquires Storage Facility In San Antonio
17627 Overlook Loop, San Antonio, Texas 78259, United States
Building Size
—
Asset Type
—
Closing
Mar 10, 2022
About this deal
AI
A storage facility located at 17627 Overlook Loop in San Antonio has been sold in a recent transaction. The property, owned by an undisclosed seller, was acquired by StorageMart. The storage facility is characterized by its convenient location and offers ample space for storage. The transaction took place on March 11, 2022.
Summary of transaction details:
- Property Type: Storage Facility
- Transaction Amount: Not disclosed
- Address: 17627 Overlook Loop, San Antonio
- Market: San Antonio
The acquisition of the storage facility was made by StorageMart, with Alex Burnam representing the buyer. The details of the deal, such as the purchase price and the square footage of the facility, were not disclosed. The transaction marks an important step for StorageMart in expanding its presence in the storage industry.
Players
San Antonio CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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