Wasatch Storage Partners Acquires Springwood Self Storage Facility In Austin
9206 Anderson Mill Road, Austin, TX, USA
Building Size
59,265 SF
Asset Type
—
Closing
Jun 23, 2021
About this deal
AI
Springwood Self Storage LLC has recently sold a self-storage property located at 9206 Anderson Mill Road in Austin. The transaction took place on June 24, 2021, with Wasatch Storage Partners as the buyer. The property consists of 426 units and is situated in a bustling market of Austin.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 9206 Anderson Mill Road
- Market: Austin
- Units: 426
The deal was facilitated by Brian Somoza and Steve Mellon from JLL, who represented both the buyer, Wasatch Storage Partners, and the seller, Springwood Self Storage LLC.
On the Map
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