Updated Dec 4, 2024
Versal Brokers Sale Of Stowaway Storage In Rockport, South Texas
3725 State Highway 35 South
Building Size
34,626 SF
Asset Type
Self Storage
Closing
Jan 16, 2024
About this deal
AI
A 309-unit self storage facility located at 3725 Highway 35 North in Rockport, South Texas, has been sold. The property, known as Stowaway Storage, spans approximately 34,626 square feet.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 3725 Highway 35 North, Rockport, South Texas
- Market: Rockport
- Units: 309
Versal's Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne represented the seller, Curren Cos. Inc., in this undisclosed transaction. The buyer is described as a Texas-based private investor.
On the Map
Self Storage
View full map
Players
Fulton Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Browse Fulton self storage sales on Traded.
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