Updated Aug 5, 2026
The Jenkins Organization And Clark Investment Group Secure $47.6 Million Permanent Loan For Self Storage Portfolio
$47,600,000
$79/SF
Building Size
600,000 SF
Asset Type
Self Storage
Closing
Aug 4, 2026
About this deal
AI
A permanent loan amounting to $47,600,000 was arranged for a self-storage portfolio comprising six properties, totaling 600,000 net rentable square feet, across five markets in Texas, including Austin, McKinney, Frisco, Houston, and Bee Cave.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $47,600,000
- Loan Type: Permanent
- Asset Size: 600,000 net rentable square feet
- Landlords: Bob Baker - Clark Investment Group; Ricky Jenkins - The Jenkins Organization
- Brokers: Tom Sherlock, Kim Bishop, Carson Kurland & Lauren Maehler - Talonvest Capital
Talonvest Capital facilitated the financing, offering a floating-rate, non-recourse structure that allows for long-term flexibility. The loan features interest-only payments, five one-year extension options, and no prepayment penalties, which enhances the financial strategy for the landlords involved.
On the Map
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Market 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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93