Updated Dec 21, 2023
Marcus & Millichap Brokers Dave Knobler & Charles LeClaire Facilitate Sale Of 42,925 SF Self Storage In Houston
9831 W Bellfort Blvd, Houston, TX, USA
Building Size
42,925 SF
Asset Type
Industrial
Closing
Nov 11, 2020
About this deal
AI
Dave Knobler and Charles LeClaire of Marcus & Millichap recently facilitated the sale of a self-storage property located at 9831 W. Bellfort Blvd in Houston. This property spans a total of 42,925 square feet and consists of 350 units. The transaction took place on November 12, 2020, as confirmed in the provided image by Dave Knobler and Charles LeClaire.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 9831 W. Bellfort Blvd
- Market: Houston
- Square Footage: 42,925
- Number of Units: 350
Dave Knobler and Charles LeClaire, representing Marcus & Millichap, served as the brokers for this transaction. Their expertise and efforts were instrumental in the successful completion of the deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · 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