facebook
Traded Co logo
Submit

Merit Hill Capital Purchases Property At 6610 Hwy 6 N In Houston Represented By Brian Somoza

Property Image
SOLD

Texas

See Similar Deals
Self Storage
Sold 08/14/2019
the dealplayerscompscontact
Property Image
SOLD

Merit Hill Capital Purchases Property At 6610 Hwy 6 N In Houston Represented By Brian Somoza

6610 Hwy 6 N, Houston, TX, 77084

See Similar Deals
Self Storage
Sold 08/14/2019
Contact now

Summary

TEXAS
Asset Type:Self Storage
Transaction Type:Sale

The property involved in this transaction is a self-storage facility known as Safe Keeping Self Storage, located at 6610 Hwy 6 N, Houston, TX 77084. It comprises 709 units, of which approximately 62 percent feature climate-controlled space. The market for this asset is Houston, and the sale was handled by JLL. The specific transaction price has not been disclosed.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Undisclosed
  • Address: 6610 Hwy 6 N, Houston, TX 77084
  • Market: Houston
  • Seller's Representative: Brian Somoza, JLL
  • Buyer: Merit Hill Capital

In this transaction, JLL acted as the representative for the seller, Safe Keeping, with Brian Somoza and Steve Mellon working on the deal. The buyer, Merit Hill Capital, is based in Brooklyn and specializes in self-storage investment and development.

Players

Brian Somoza
25 deals$382.6M volume
BROKER

Steve Mellon
JLL
23 deals$389.1M volume
BROKER

Merit Hill Capital LP
BUYER

Details

SOLD
IMAGE: 6610 Hwy 6 N, Houston, TX, 77084 MARKET: Houston SELLER'S REP: Brian Somoza(JLL) BUYER: Merit Hill Capital SELLER: PRICE: SF: 0

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00