Updated Dec 4, 2024
Matthews Real Estate Investment Services Facilitates Sale Of 270-Unit Self Storage In Round Rock
506 Mcneil Road
Building Size
28,450 SF
Asset Type
Self Storage
Closing
Oct 10, 2024
About this deal
AI
A 270-unit self-storage facility located at 506 McNeil Road in Round Rock, Texas has been sold. The asset, operated by Life Storage, features a total of 28,450 square feet of net rentable space and was originally built in 1980.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Square Footage: 28,450
- Address: 506 McNeil Road
- Market: Round Rock
- Units: 270
Austin McLeod from Matthews Real Estate Investment Services facilitated this sale. The details regarding the buyer remain undisclosed, which is consistent with the nature of the transaction.
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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