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
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