facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Self Storage

/

Sale

/

7301 Memorial Blvd Port Art...

Updated Oct 29, 2024

LandPark Advisors Acquires Park Central Self Storage In Port Arthur, Texas With Sunset Capital
SOLDSelf Storage

LandPark Advisors Acquires Park Central Self Storage In Port Arthur, Texas With Sunset Capital

7301 Memorial Blvd Port Arthur, TX 77640, USA

Building Size

48,430 SF

Asset Type

Self Storage

Closing

Aug 7, 2023

About this deal

AI

Park Central Self Storage, a 312-unit facility in Port Arthur, Texas, has been acquired by LandPark Advisors in partnership with Sunset Capital. The property, located at 7301 Memorial Boulevard, spans 3.8 acres and offers a total of 48,430 square feet of self storage space. It will be operated under the Right Move Storage brand.

Summary of Transaction Details

  • Property Type: Self Storage
  • Transaction Amount: Not specified
  • Units: 312
  • Square Footage: 48,430
  • Acres: 3.8
  • Address: 7301 Memorial Boulevard, Port Arthur, Texas
  • Market: Port Arthur

LandPark Advisors, led by Peter Wall, along with Sunset Capital, facilitated the acquisition of Park Central Self Storage. This transaction marks their expansion into the Port Arthur market. With the partnership between LandPark Advisors and Sunset Capital, the facility is expected to benefit from their combined expertise in the self storage industry.

Players

Texas Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

Loading comparables…

Deal FAQ

Browse Texas self storage sales on Traded.

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

More Deals

Nearby Markets