SOLDSelf Storage
SkyView Advisors Brokers Sale Of Regal Self Storage In Spring, TX
19526 Kuykendahl Rd, Spring, TX, 77...
Building Size
—
Asset Type
Self Storage
Closing
Nov 22, 2023
AI
The Regal Self Storage, a 278-unit facility located in the northern Houston suburb of Spring, has been sold. The property sits on 1.8 acres and offers 43,025 net rentable square feet.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 19526 Kuykendahl Rd, Spring, TX, 77379
- Market: Spring
Zack Urow and Ryan Clark of SkyView Advisors, based in Tampa, represented the seller, but the buyer and specific terms of the sale remain undisclosed.
Players
Spring 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