HPI Acquires Self Storage Portfolio In Cedar Hill, Colleyville & Denton, TX
Cedar Hill, Texas, United States
Building Size
201 SF
Asset Type
Self Storage
Closing
Apr 17, 2023
AI
A self storage portfolio located in Cedar Hill, Colleyville, and Denton, Texas has been sold in a recent transaction. The portfolio consists of a total of 1,743 units with a combined square footage of 201,850. The sale was completed on November 18, 2022.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not available
- Address: Not available
- Market: Cedar Hill, Colleyville & Denton, TX
HPI has acquired the self storage portfolio. The sellers in the transaction were Harrison Street and Advantage Self Storage. The deal was facilitated by brokers Brian Somoza, Steve Mellon, Matthew Wheeler, Adam Roossien, and Jake Kinnear from JLL.
Players
Cedar Hill 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