Updated Oct 29, 2024
Ryan DeGennaro Facilitates Sale Of Sunny's Self Storage In Katy For Unknown Private Investment Firm
1555 W Grand Pkwy N, Katy, TX, 77493
Units
622
Asset Type
Self Storage
Closing
Nov 22, 2023
About this deal
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.
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Self Storage
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Katy Self Storage Market Snapshot
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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