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
Temple Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
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