Updated Dec 4, 2024
HPI Real Estate Acquires Self Storage In Anna, Texas With Loan From Security National Bank
501 South Ferguson Parkway
Units
840
Asset Type
Self Storage
Closing
Jun 11, 2024
About this deal
AI
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.
On the Map
Self Storage
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Players
Anna Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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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