Cumbia Real Estate Holding LLC Sells 204-Unit Self Storage Facility In Corpus Christi
1017 Waldron Road
Building Size
16,880 SF
Asset Type
Self Storage
Closing
May 8, 2025
AI
The property involved in this transaction is a self-storage facility located at 1017 Waldron Road in Corpus Christi, featuring 204 units and comprising a total area of 16,880 square feet.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 1017 Waldron Road
- Market: Corpus Christi
- Units: 204
- Square Footage: 16,880
- Seller: Cumbia Real Estate Holding LLC
- Brokers: Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne - Versal
Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne represented Cumbia Real Estate Holding LLC in the transaction, successfully securing a local buyer for the automotive storage facility, Overflow Garage.
Players
Corpus Christi 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