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2100 N Bell BLVD, Cedar Par...

Montfort Capital Partners Acquires Property In Cedar Park With Jon Danklefs As Buyer's Rep
SOLDSelf Storage

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.

Players

Jon Danklefs

Marcus & Millichap

Broker

25 deals

Broker
ML
Montfort Capital Partners LLCBuyer

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