Marcus & Millichap Sells Sugar Land RV/Boat & Self Storage In Sugar Land, Texas
14311 W Bellfort Blvd Sugar Land, TX 77498, USA
Building Size
95,942 SF
Asset Type
Self Storage
Closing
Jul 25, 2023
AI
Sugar Land RV/Boat & Self Storage, a 95,942 square foot facility located at 14311 West Bellfort Boulevard in Sugar Land, Texas, has been sold to a New York based limited liability company. Despite being 50 percent leased, the property's prime location at a signalized intersection attracted competitive offers.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Square Footage: 95,942
- Number of Units: 304
- Market: Sugar Land
The sale of Sugar Land RV/Boat & Self Storage was facilitated by Dave Knobler, a representative from Marcus & Millichap.
Texas 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