Updated Oct 29, 2024
Andover Properties Acquires Storage Facility On Lyndon B. Johnson Freeway In Dallas
8500 Lyndon B Johnson Freeway, Dallas, Texas 75241, United States
Building Size
50 SF
Asset Type
Self Storage
Closing
Apr 1, 2023
About this deal
AI
An storage facility located at 8500 Lyndon B. Johnson Freeway in Dallas has been sold. The property consists of 322 units with a total square footage of 50,250 and sits on a 3.5-acre lot.
Summary of transaction details
- Property Type: Storage Facility
- Transaction Amount: Not specified
- Market: Dallas
- Units: 322
- Square Footage: 50,250
- Acres: 3.5
The buyer of this storage facility is Andover Properties, represented by Michael Wachsman. The seller in this transaction is National Storage Affiliates.
Traded’s record for 8500 Lyndon B Johnson Freeway, Dallas, Texas 75241, United States in Dallas, Texas covers a self storage sale from 2023. Reported inventory is 50 square feet across 322 units, or about 0 per square foot. This page is the Dallas, Texas file for the 8500 Lyndon B Johnson Freeway, Dallas, Texas 75241, United States self storage sold: pricing, party profiles, and other closed self storage comps from the same Dallas sit in the Market section below. Filter that Dallas self storage set by closing date to see what else sold near 8500 Lyndon B Johnson Freeway, Dallas, Texas 75241, United States around 2023. Cite this Andover Properties Acquires Storage Facility On Lyndon B. Johnson Freeway In Dallas sale when underwriting similar self storage product around Dallas, Texas.
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Dallas Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Deal FAQ
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