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6320 College Street

Riverbend Development Acquires Self-Storage Facility In Beaumont
SOLD

Riverbend Development Acquires Self-Storage Facility In Beaumont

6320 College Street

Building Size

59,120 SF

Asset Type

Closing

Apr 24, 2022

AI

A self-storage facility located at 6320 College Street in Beaumont has recently been sold. The property spans a total of 59,120 square feet, providing ample space for storage. The transaction took place on April 25, 2022.

Summary of Transaction Details

  • Property Type: Self-Storage Facility
  • Transaction Amount: Not specified
  • Address: 6320 College Street, Beaumont
  • Market: Beaumont
  • Square Footage: 59,120

The buyer of this self-storage facility is Riverbend Development. Representing the buyer in this transaction are Dave Knobler, Danny Cunningham, and Brandon Karr from Marcus & Millichap. They played a pivotal role in ensuring the successful completion of the deal.

Players

Brandon Karr

Marcus & Millichap

Broker

$7M

vol

50 deals

Broker
RD
Riverbend DevelopmentBuyer

Beaumont 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