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10940 Moffat Road

Versal Arranges Sale Of 257-Unit Self-Storage Facility In Temple, Texas
SOLDSelf Storage

Versal Arranges Sale Of 257-Unit Self-Storage Facility In Temple, Texas

10940 Moffat Road

Building Size

81,840 SF

Asset Type

Self Storage

Closing

Nov 6, 2023

AI

A 257-unit self-storage facility located at 10940 Moffat Road in Temple, Texas has been sold in a recent transaction. The sale was arranged by self-storage brokerage firm Versal, however, the buyer, seller, and sale price have not been disclosed. The facility spans an area of 81,840 square feet and is situated in the Temple market near Austin.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Square Footage: 81,840
  • Number of Units: 257
  • Address: 10940 Moffat Road, Temple, Texas
  • Market: Temple, near Austin

Bill Bellomy, Hugh Horne, Logan Foster, and Michael Johnson, representing the brokerage firm Versal, played a key role in facilitating the sale of this self-storage facility. Further details about the transaction, such as the buyer and seller, have not been revealed.

Players

Bill Bellomy

Versal

Broker

$19.5M

vol

26 deals

Broker

Temple 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