SOLD
Houston Mini Storage LLC Acquires 256-Unit Self Storage In Houston For $XX.XM
614 West Donovan Street, Houston, TX 77091
Building Size
34,660 SF
Asset Type
—
Closing
Sep 8, 2021
AI
A self storage property located at 614 West Donovan Street in Houston has been sold. The property consists of 256 units with a total area of 34,660 square feet. The transaction took place on September 8, 2021.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 614 West Donovan Street
- Market: Houston
- Units: 256
- Total Square Footage: 34,660
The buyer of the self storage property is Houston Mini Storage LLC. The deal was facilitated by brokers Bill Bellomy and Michael Johnson from Bellomy & Co.
Players
Houston 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