Deason Financial Group Secures $16.1M Loan For Acquisition Of Blackhorse Storage In Cypress
16518 House & Hahl Road
$16,100,000
$61/SF
Building Size
261,206 SF
Asset Type
Self Storage
Closing
Nov 19, 2025
AI
The property asset involved in the transaction is Blackhorse Storage & Postal, a self-storage facility located at 16518 House & Hahl Road in Cypress, Texas. The asset encompasses 261,206 square feet and consists of 552 units situated on 14.2 acres.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $16,100,000
- Loan Type: Acquisition
- Loan Terms: five-year term, fixed interest rate, 25-year amortization
- Broker: Deason Financial Group
- Broker for the seller: Dave Knobler - Marcus & Millichap
The loan for the acquisition was arranged by Deason Financial Group, facilitating a permanent financing solution for the buyer. The lender and borrower details remain undisclosed, adding a layer of confidentiality to the transaction.
Cypress Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93