Updated May 12, 2025
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
About this deal
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