SOLDOther
AGAP Kyle LLC Acquires Self Storage Property In Austin For $19.5M
19580 South Interstate 35 Frontage Road, Austin, TX, USA
Building Size
81,781 SF
Asset Type
Other
Closing
Feb 3, 2021
About this deal
AI
A self storage property located at 19580 South Interstate 35 Frontage Road in Austin has been sold. The property, spanning 81,781 square feet, consists of 707 storage units. The transaction took place on February 4, 2021.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 19580 South Interstate 35 Frontage Road, Austin
- Market: Austin
- Square Footage: 81,781
- Number of Units: 707
The buyer of this property is AGAP Kyle LLC. The deal was facilitated by Bill Bellomy & Michael Johnson from Bellomy & Co.
Players
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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