Updated Oct 29, 2024
15500 Voss Rd
15500 Voss Rd, Sugar Land, TX, 77498
Building Size
94,220 SF
Asset Type
Self Storage
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is Imperial Self Storage, a 791-unit facility located at 15500 Voss Rd, Sugar Land, TX, 77498. The property operates under the management of CubeSmart and features a total of 94,220 net rentable square feet of climate-controlled space, situated in the Sugar Land market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not Disclosed
- Address: 15500 Voss Rd, Sugar Land, TX, 77498
- Market: Sugar Land
- Seller's Representative: Brian Somoza - JLL
- Buyer: OB Cos./My Place Self Storage
- Seller: SurePoint Self Storage
JLL, represented by Steve Mellon and Brian Somoza, facilitated the transaction on behalf of the seller, SurePoint Self Storage. The buyer's firm, OB Cos./My Place Self Storage, was established by Kurt O’Brien, who is recognized as the founder and former CEO of Simply Self Storage.
Players
Sugar Land Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas self storage sales on Traded.
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