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
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