Riverbend Development Acquires Self-Storage Facility In Beaumont
6320 College Street
Building Size
59,120 SF
Asset Type
—
Closing
Apr 24, 2022
About this deal
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.
On the Map
Players
Beaumont CRE Market Snapshot
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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