Updated Mar 18, 2026
AVAD Capital And Etude Capital Acquire Self Storage Facility In Odessa From Lone Star Storage Centers Ltd
4415 East 53rd Street
Building Size
70,210 SF
Asset Type
Self Storage
Closing
Mar 12, 2026
About this deal
AI
A self-storage facility located at 4415 East 53rd Street in Odessa was sold, comprising 578 units within a total of 70,210 net rentable square feet. The facility is operated under the Lone Star Storage brand, featuring 389 non-climate-controlled units and 189 climate-controlled units.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Units: 578
- Square Footage: 70,210
- Address: 4415 East 53rd Street
- Market: Odessa
- Buyer: AVAD Capital & Etude Capital
- Seller: Lone Star Storage Centers Ltd
- Brokers: Bill Bellomy, Michael Johnson, Logan Foster & Hugh Horne - Versal
The transaction was represented by the brokerage team from Versal, which facilitated the sale on behalf of the seller, Texas Lone Star Storage Centers Ltd. The buyer, a joint venture between AVAD Capital and Etude Capital, engaged in acquiring the facility to expand their investment portfolio in the self-storage market.
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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