SOLD
PG Cactus Bulldog I LLC Acquires Self Storage Property In Austin For $Undisclosed Millions
8200 S I- 35 Service Rd, Austin, TX, USA
Building Size
57,707 SF
Asset Type
—
Closing
Jul 22, 2020
AI
The self-storage property located at 8200 S I-35 Service Rd in Austin has been sold. The property spans 57,707 square feet and includes 463 units. The transaction took place on July 22, 2021.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 8200 S I-35 Service Rd
- Market: Austin
- Square Footage: 57,707
- Units: 463
The seller of the property was I35 South LP, while the buyer was PG Cactus Bulldog I LLC. The sale was facilitated by Bill Bellomy & Michael Johnson from Bellomy & Co.
Players
Austin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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