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:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Units: 511
- Address: 11220 West Main Street
- Market: La Porte
- Buyer: Kurt O'Brien - MyPlace Self-Storage & Mike Sales - Nuveen Real Estate
- Seller: Joshua Ungerecht - ExchangeRight
- Brokers: Adam Roossien, Matthew Wheeler, Steve Mellon & Brian Somoza - JLL
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
La Porte 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