Apricus Realty Capital And ABR Capital Partners Acquire Self Storage Facility In Houston
6003 Cunningham Road
Building Size
32,358 SF
Asset Type
Self Storage
Closing
Jul 3, 2025
AI
The property asset involved in the transaction is a self-storage facility located at 6003 Cunningham Road, Houston. The site encompasses 11.3 acres and features 32,358 square feet of crane-served warehouse space, which is currently leased to Knight Oil Tools.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 6003 Cunningham Road
- Market: Houston
- Acres: 11.3
- Square Feet: 32,358
- Buyer: Apricus Realty Capital & ABR Capital Partners
- Brokers: Jason Tangen & Paul Dominique - Colliers
- Mortgage Brokers: CW Sheehan, Peyton Ackerman & Nate Henderson - JLL
Jason Tangen and Paul Dominique from Colliers represented the seller in this transaction, while CW Sheehan, Peyton Ackerman, and Nate Henderson from JLL arranged the acquisition financing for the buyers, Apricus Realty Capital and ABR Capital Partners.
Houston Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
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