10 Federal Acquires Self Storage Facility In Burleson For $1.125M
2121 S Burleson Blvd, Burleson, TX, USA
Building Size
55,531 SF
Asset Type
Other
Closing
Apr 2, 2021
AI
Located at 2121 S Burleson Blvd in Burleson, this self storage property has been sold. The transaction took place on 04/03/2021, and the property was acquired by 10 Federal - Brad Minsley & Cliff Minsley. The seller, 2121 Burleson Storage, LLC, was represented by Bill Bellomy & Michael Johnson from Bellomy & Co. The buyer was represented by Aaron Palmer from Modern Mountain Real Estate. The property spans across 55,531 square feet and consists of 338 units.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 2121 S Burleson Blvd
- Market: Burleson
- Seller: 2121 Burleson Storage, LLC
- Buyer: 10 Federal - Brad Minsley & Cliff Minsley
- Seller's Representative: Bill Bellomy & Michael Johnson - Bellomy & Co
- Buyer's Representative: Aaron Palmer - Modern Mountain Real Estate
- Square Footage: 55,531
- Number of Units: 338
Cliff Minsley, Brad Minsley, Bill Bellomy, Michael Johnson, and Aaron Palmer were key individuals involved in the transaction. The seller, 2121 Burleson Storage, LLC, and the buyer, 10 Federal - Brad Minsley & Cliff Minsley, decided to complete the deal to transfer ownership of the self storage property. The seller was represented by Bill Bellomy & Michael Johnson from Bellomy & Co, while the buyer was represented by Aaron Palmer from Modern Mountain Real Estate.
Players
Burleson 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