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HPI Real Estate Acquires Self Storage In Anna, Texas With Loan From Security National Bank

Property Image
SOLD
Casey Wenzel
LR
John Bauman

Texas

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Self Storage
Sold 06/11/2024
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Property Image
SOLD

HPI Real Estate Acquires Self Storage In Anna, Texas With Loan From Security National Bank

501 South Ferguson Parkway

See Similar Deals
Self Storage
Sold 06/11/2024
Casey Wenzel
LR
John Bauman
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Self Storage
Transaction Type:Sale

An 840-unit, 103,000-square-foot self-storage facility located at 501 South Ferguson Parkway in Anna, Texas has been acquired by HPI Real Estate. The facility was 30% occupied at the time of closing and is currently operated by Life Storage.

Summary of transation details:

  • Property Type: Self Storage
  • Transaction Amount: Not specified
  • Address: 501 South Ferguson Parkway
  • Market: Anna
  • Units: 840

Casey Wenzel, John Bauman, and Luke Rogers from JLL facilitated a five-year, floating-rate acquisition loan through Security National Bank for the property. Dick Anderson of HPI Real Estate led the acquisition as the buyer.

Players

Casey Wenzel
JLL
Casey Wenzel
2 deals
BROKER
LR
JLL
Luke Rogers
4 deals$1.2B volume
BROKER
John Bauman
JLL
John Bauman
3 deals$183.9M volume(469) 232-1948
BROKER
Security National Bank
Security National Bank
LENDER

Details

SOLD
IMAGE: Dick Anderson, Casey Wenzel & John Bauman DATE: 06/11/2024 ADDRESS: 501 South Ferguson Parkway MARKET: Anna ASSET TYPE: Self Storage ~ UNITS: 840 BUYER: Dick Anderson - HPI Real Estate (@HPI_tx) LENDER: Security National Bank (@SecurityNationalBank) MORTGAGE BROKERS: Casey Wenzel, John Bauman & Luke Rogers - JLL (@JLL) NOTE: HPI Real Estate has acquired an 840-unit, 103,000-square-foot self-storage facility in Anna, Texas. JLL arranged a five-year, floating-rate acquisition loan through Security National Bank for the facility, which was 30% occupied at closing and is operated by Life Storage.

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