Harbor Capital LLC Acquires Storage Facility In Houston From Mendware LLC
12800 North Freeway, Houston, Texas 77060, United States
Building Size
96 SF
Asset Type
Self Storage
Closing
Sep 11, 2022
AI
A storage facility located at 12800 North Freeway in Houston has been sold in a recent transaction. The facility spans an area of approximately 96,011 square feet, making it a significant asset in the market.
Summary of Transaction Details
- Property Type: Storage Facility
- Transaction Amount: Not disclosed
- Address: 12800 North Freeway, Houston
- Market: Houston
- Square Footage: 96,011
Harbor Capital LLC acted as the buyer in the transaction, while the seller was Mendware LLC. The buyer was represented by Cary Latham & Wyatt Huff of Partners, while the seller was represented by Stephen Schneidau of Cushman & Wakefield and Bill Schneidau.
Players
Houston 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