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
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.
Players
Round Rock 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