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5611 Lone Star Parkway, San...

HPI Real Estate Acquires 93,050 SF Self Storage Facility In San Antonio
SOLDOther

HPI Real Estate Acquires 93,050 SF Self Storage Facility In San Antonio

5611 Lone Star Parkway, San Antonio, TX, USA

Building Size

93,050 SF

Asset Type

Other

Closing

Feb 16, 2021

AI

The sale of a self storage property located at 5611 Lone Star Parkway in San Antonio has been completed. The transaction took place on February 17, 2021. The property spans 93,050 square feet and consists of 775 units.

Summary of Transaction Details:

  • Property Type: Self Storage
  • Transaction Amount: Not specified
  • Address: 5611 Lone Star Parkway, San Antonio
  • Market: San Antonio
  • Square Footage: 93,050
  • Number of Units: 775

The seller of the property was Extra Space Storage, while HPI Real Estate acted as the buyer. The transaction was facilitated by Zack Urow and Ryan Clark from SkyView Advisors.

Players

Ryan Clark

SkyView Advisors

Broker

2 deals

Broker
HE
HPI Real EstateBuyer
ES
Extra Space StorageSeller

San Antonio 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