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100 West James Street

Michael Moore Purchases Self Storage Facility From Robert Rumfields In Joshua For $17,840 SF
SOLDSelf Storage

Michael Moore Purchases Self Storage Facility From Robert Rumfields In Joshua For $17,840 SF

100 West James Street

Building Size

17,840 SF

Asset Type

Self Storage

Closing

Mar 31, 2025

AI

The property asset involved in this transaction is a self-storage facility located at 100 West James Street in Joshua. This asset spans a total square footage of 17,840. The sale highlights the commercial real estate market activity in the area, although specific financial details related to the pricing of the transaction have not been disclosed.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Address: 100 West James Street
  • Market: Joshua
  • Buyer: Michael Moore
  • Seller: Robert Rumfields
  • brokers: Brandon Robinson & Milburn Stevens - Calvary Realty

This transaction was executed with the involvement of Michael Moore as the buyer and Robert Rumfields as the seller. The brokerage firms Calvary Realty, represented by Brandon Robinson and Milburn Stevens, facilitated the deal, ensuring the interests of both parties were effectively managed throughout the transaction process.

Players

Brandon Robinson

Calvary Realty

Broker

$61.6M

vol

11 deals

Broker
Michael Moore

Michael Moore

Buyer

$211.2M

vol

6 deals

Buyer

Joshua Self Storage Market Snapshot

Boundary boundary · Self Storage · 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