Spicewood Self Storage Sale By Buyer Spicewood Storage LLC And Seller Envison2 Properties LLC
9514 TX-71, Spicewood, TX 78669, USA
Building Size
892,600 SF
Asset Type
Other
Closing
Aug 24, 2020
About this deal
AI
Spicewood Self Storage, located at 9514 TX-71 in Spicewood, was recently sold in a closed transaction. The property spans 89,260 square feet and consists of 235 units, making it a significant asset in the self-storage market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not available
- Address: 9514 TX-71, Spicewood
- Market: Spicewood
- Seller: Envison2 Properties LLC
- Buyer: Spicewood Storage LLC
- Brokers: Bill Bellomy & Michael Johnson – Bellomy & Co
The sale of Spicewood Self Storage was facilitated by Bill Bellomy and Michael Johnson from Bellomy & Co. These brokers played a crucial role in representing the seller, Envison2 Properties LLC, and ensuring a successful transaction with the buyer, Spicewood Storage LLC.
Players
Spicewood 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