Updated Oct 29, 2024
Montfort Capital Partners Acquires Self Storage Facility In Rosharon, TX From Quintet Capital Group
14215 Texas Highway 6, Rosharon, Texas 77459, United States
Units
678
Asset Type
Self Storage
Closing
Nov 21, 2022
About this deal
AI
The sale of a self-storage property in Rosharon, TX has been completed. The property, located at 14215 Hwy 6, consists of 678 units and sits on 6.14 acres.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not mentioned in CONTEXT
- Address: 14215 Hwy 6, Rosharon, TX
- Market: Rosharon, TX
- Number of Units: 678
- Acres: 6.14
The buyer of the property is Montfort Capital Partners, while the seller is Quintet Capital Group. The deal was facilitated by brokers Steve Mellon, Brian Somoza, Adam Roossien, and Matthew Wheeler of JLL Capital Markets.
On the Map
Self Storage
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Players
Rosharon 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