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
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.
Cedar Park 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