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911 E Broad St, Mansfield, ...

Bassdale Investments, LLC Acquires Self Storage Property In Mansfield
SOLDOther

Bassdale Investments, LLC Acquires Self Storage Property In Mansfield

911 E Broad St, Mansfield, TX, USA

Building Size

43,745 SF

Asset Type

Other

Closing

Apr 24, 2021

AI

Located at 911 E Broad St # 114 in Mansfield, this self-storage property has been sold in a recent transaction. The sale was completed on April 25, 2021, by Stadium Self Storage Inc as the seller and Bassdale Investments, LLC as the buyer. The transaction was facilitated by brokers Bill Bellomy and Michael Johnson from Bellomy & Co. The property spans a total area of 43,745 square feet and consists of 343 units.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not specified
  • Date: 04/25/2021
  • Address: 911 E Broad St # 114, Mansfield
  • Market: Mansfield
  • Seller: Stadium Self Storage Inc
  • Buyer: Bassdale Investments, LLC
  • Brokers: Bill Bellomy & Michael Johnson - Bellomy & Co
  • Size: 43,745 square feet
  • Units: 343

The transaction involved two key individuals or entities: Stadium Self Storage Inc, the seller, and Bassdale Investments, LLC, the buyer. The deal was successfully facilitated by Bill Bellomy and Michael Johnson from Bellomy & Co, who represented the respective parties in the transaction. The details regarding the sale price and any financing involved were not provided in the available information.

Players

Bill Bellomy

Versal

Broker

$19.5M

vol

26 deals

Broker

Mansfield 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