Storage Star Acquires Self-Storage Properties In Austin With Brokers Bellomy & Co - Bill Bellomy, Matt Garibaldi, & Michael Johnson
12900 N Mopac Expy, Austin, TX, USA
Building Size
83,500 SF
Asset Type
Other
Closing
Sep 8, 2020
About this deal
AI
A closed property transaction has taken place in Austin, involving three properties. The properties are located at 12900 N. Mopac Expy, 405 E. Ben White Blvd, and 13444 Pond Springs Road. The asset type for these properties is self-storage. The sale took place on 09/09/2020.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: Not provided
- Market: Austin
The buyer in this transaction is Storage Star, represented by Matt Garibaldi. The brokers involved in the deal are Bill Bellomy and Michael Johnson from Bellomy & Co.
Players
Austin Other Market Snapshot
Boundary boundary · Other · 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