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11220 West Main Street

Kurt O'Brien And Mike Sales Acquire Self Storage Facility In La Porte From Joshua Ungerecht
SOLDSelf Storage

Kurt O'Brien And Mike Sales Acquire Self Storage Facility In La Porte From Joshua Ungerecht

11220 West Main Street

Building Size

Asset Type

Self Storage

Closing

Jan 30, 2026

AI

The property asset involved in the transaction is a self-storage facility located at 11220 West Main Street, La Porte, Texas. The asset consists of 511 units, with 37% of them being climate-controlled. In addition, the facility includes 79 boat or RV storage spaces. The property was built in the late 1990s.

Summary of transaction details:

The transaction was facilitated by JLL, who represented the seller, ExchangeRight, in the sale of the storage facility. The buyers, Kurt O'Brien and Mike Sales, collaborate with MyPlace Self-Storage and Nuveen Real Estate to acquire this asset, marking a strategic partnership in the self-storage market.

Players

Adam Roossien

JLL

Broker

$138.7M

vol

14 deals

Broker
Mike Sales

Mike Sales

Nuveen

Buyer

$422.6M

vol

13 deals

Buyer
Joshua Ungerecht

Joshua Ungerecht

ExchangeRight

Seller

2 deals

Seller

La Porte 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