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1555 W Grand Pkwy N, Katy, ...

Ryan DeGennaro Facilitates Sale Of Sunny's Self Storage In Katy For Unknown Private Investment Firm
SOLDSelf Storage

Ryan DeGennaro Facilitates Sale Of Sunny's Self Storage In Katy For Unknown Private Investment Firm

1555 W Grand Pkwy N, Katy, TX, 77493

Building Size

Asset Type

Self Storage

Closing

Nov 22, 2023

AI

The property involved in the transaction is Sunny’s Self Storage located at 1555 W. Grand Parkway N. in West Houston. This self-storage asset comprises 622 units spanning 93,455 net rentable square feet on a 2.5-acre site in Katy. The sale was facilitated by Ryan DeGennaro of NAI Partners, representing the seller, Hetsun Partners.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Buyer's Rep: Ryan DeGennaro (Partners Real Estate)
  • Buyer: Unknown Private Investment Firm
  • Seller: Hetsun Partners

Ryan DeGennaro of NAI Partners played a pivotal role in brokering the sale of Sunny’s Self Storage. DeGennaro not only represented the seller, Hetsun Partners, in the transaction but also assisted the buyer, an undisclosed regional investment firm, in successfully closing the deal.

Players

Ryan DeGennaro

Partners Real Estate

Broker

8 deals

Broker

Katy 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