Kurt O'Brien And Mike Sales Acquire Self Storage Facility In La Porte From Joshua Ungerecht
11220 West Main Street
Units
511
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
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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