Updated Oct 29, 2024
Montfort Capital Partners Acquires Property In Cedar Park With Jon Danklefs As Buyer's Rep
2100 N Bell BLVD, Cedar Park, TX, 78...
Building Size
48,235 SF
Asset Type
Self Storage
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is A3 Storage Centers, a self-storage facility located at 2100 N Bell Blvd, Cedar Park, TX. This facility features 494 units and spans a total of 48,235 net rentable square feet. It was constructed in 1994 and sits on a 5.6-acre lot, which is positioned in the Cedar Park market. The specific sale price is not disclosed.
Summary of transaction details:
- Property Type: Self-Storage
- Transaction Amount: Not disclosed
- Address: 2100 N Bell BLVD, Cedar Park, TX
- Market: Cedar Park
- Buyer: Montfort Capital Partners
- Buyer's Representative: Jon Danklefs - Marcus & Millichap
- Seller: Not disclosed
- Size: 48,235 square feet
- Units: 494
- Land Area: 5.6 acres
Jon Danklefs from Marcus & Millichap represented Montfort Capital Partners in this transaction. Montfort Capital has plans to enhance the property by rebuilding the leasing office and constructing a new climate-controlled building later this year. The seller's identity remains undisclosed.
On the Map
Self Storage
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Cedar Park 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