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14215 Texas Highway 6, Rosh...

Montfort Capital Partners Acquires Self Storage Facility In Rosharon, TX From Quintet Capital Group
SOLDSelf Storage

Montfort Capital Partners Acquires Self Storage Facility In Rosharon, TX From Quintet Capital Group

14215 Texas Highway 6, Rosharon, Texas 77459, United States

Building Size

Asset Type

Self Storage

Closing

Nov 21, 2022

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.

Players

Adam Roossien

JLL

Broker

$138.7M

vol

14 deals

Broker
ML
Montfort Capital Partners LLCBuyer

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