facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Other

/

Sale

/

2121 S Burleson Blvd, Burle...

10 Federal Acquires Self Storage Facility In Burleson For $1.125M
SOLDOther

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

Bill Bellomy

Versal

Broker

$19.5M

vol

26 deals

Broker
10 Federal
10 FederalBuyer

Burleson Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

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