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611 E Belt Line Rd, Cedar H...

Updated Oct 29, 2024

Private Investor Acquires Self Storage On E Belt Line Rd, Cedar Hill
SOLDSelf Storage

Private Investor Acquires Self Storage On E Belt Line Rd, Cedar Hill

611 E Belt Line Rd, Cedar Hill, TX, 75...

Building Size

85,550 SF

Asset Type

Self Storage

Closing

Nov 20, 2023

About this deal

AI

The sale involved Allsafe Self Storage, a 85,550-square-foot facility located at 611 E Belt Line Rd, Cedar Hill, TX. Constructed in 2000 and expanded in 2011, the property comprises 599 units. Kyle Newswanger of Colliers International represented the seller, a private developer and investor. The buyer, an out-of-state private investor, was secured by Newswanger as well.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Market: Cedar Hill
  • Seller's Rep: Kyle Newswanger (Colliers International)
  • Buyer: Private Investor
  • Square Footage: 85,550 SF

The deal was facilitated by Kyle Newswanger of Colliers International, who not only represented the seller, a private developer and investor, but also brought in the buyer, an out-of-state private investor. The transaction involved the transfer of ownership of the Allsafe Self Storage property in Cedar Hill, Texas.

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Players

Kyle Newswanger

Colliers

Broker

2 deals

Broker
PI
Private InvestorBuyer
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Cedar Hill 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

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