Updated Sep 5, 2024
Unknown Acquires Property At 5310 E 5th St Katy As Seller's Representatives Charles LeClaire And Dave Knobler
5310 E 5th St, Katy, TX, 77493
Building Size
131,003 SF
Asset Type
Self Storage
Closing
May 13, 2019
About this deal
AI
The transaction involved the sale of Storage Place of Katy, a self-storage facility located at 5310 E 5th St, Katy, TX 77493, within the Katy market. The property features 529 units, consisting of 137 climate-controlled units and 363 non-climate-controlled units, in addition to 25 covered parking spots and four outdoor parking spots, totaling 131,003 net rentable square feet.
Summary of transaction details:
- Property Type: Self-storage facility
- Transaction Amount: Not disclosed
- Address: 5310 E 5th St, Katy, TX, 77493
- Market: Katy
- Seller's Representatives: Charles "Chico" LeClaire (Marcus & Millichap), Dave Knobler (Marcus & Millichap)
- Buyer: Unknown
- Seller: Houston-based partnership
Dave Knobler and Charles LeClaire, both of The LeClaire Group, a division of Marcus & Millichap, represented the seller in this transaction. The buyer's identity and additional terms of the sale remain undisclosed.
Players
Katy 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