The Pegasus Group Acquires Self Storage Property In Austin From Endeavor Real Estate Group
8327 S Congress Ave, Austin, TX, USA
Building Size
46,434 SF
Asset Type
—
Closing
May 18, 2021
About this deal
AI
The Self Storage property located at 8327 S Congress Ave in Austin was recently sold in a transaction. The sale was completed on 05/19/2021. The asset consists of a total of 575 units, providing ample storage space to tenants.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 8327 S Congress Ave, Austin
- Market: Austin
- Units: 575
Endeavor Real Estate Group served as the seller of the property. On the other hand, The Pegasus Group emerged as the buyer in this transaction, acquiring the Self Storage asset. The deal was facilitated by Brian Somoza and Steve Mellon from JLL, who acted as the brokers.
Players
Austin 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