Houston's AA Storage Sells 49.5K SF Storage Facility On Ruland Road
9021 Ruland Rd Houston, TX 77055, USA
Building Size
49,539 SF
Asset Type
Other
Closing
Jul 19, 2023
AI
Houston's AA Storage at Ruland Road, a 49,539-square-foot self-storage facility, has recently been sold by a private owner. Located at 9021 Ruland Road in Houston, this storage facility spans across 2.3 acres of land. The property consists of 112 units and is part of the thriving Houston self-storage market, which has seen numerous transactions in the past year.
Summary of transaction details
- Property Type: Storage Facility
- Transaction Amount: Not mentioned
- Square Footage: 49,539
- Address: 9021 Ruland Road
- Market: Houston
Dave Knobler and Charles LeClaire from The LeClaire-Schlosser Group at Marcus & Millichap acted as the brokers for this transaction. Their expertise and experience in the Houston self-storage market contributed to the successful sale of this property.
Players
Texas 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