The Top Three Misconceptions About Mobile Home Park Investing

The Top Three Misconceptions About Mobile Home Park Investing
But the truth is that there are probably more options for mobile home park financing than any other real estate asset class. Why? Because mobile home parks also offer, in many cases, seller-financing. Since most mobile home park sellers are the …
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A Look At MagicJack VocalTec's Current Valuation And Future Prospects
For example, the 'MagicJack Wi-Fi' will be able to sync voicemails from your mobile device and your home number into one convenient place and provide traditional telephone services such as directory assistance free of charge on your mobile devices. The …
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AC Self Storage Solutions LLC Acquires the ‘Go Store It’ Self Storage in Houston Suburb of Pasadena, TX


Houston, TX (PRWEB) January 31, 2013

AC Self Storage Solutions, LLC (AC SSS) of Carlsbad, CA has acquired Go Store It, an 870-unit Self Storage facility in the Houston suburb of Pasadena, TX.

Go Store It had an effective physical occupancy of 85.2% of its 144,605 rentable square feet. The transaction required the assumption of an existing CMBS loan that was serviced by Wells Fargo. The loan was approximately 64% of the purchase price of the facility.

The purchase price was not disclosed, but the purchaser has indicated that this transaction traded at an effective 7.4% capitalization rate. The facility is a class-A traditional Self Storage facility, built in 2004, that has both climate and non-climate controlled storage units.

This is definitely one of the more attractive Self Storage facilities Ive seen, states Troy Downing, Chief Executive Officer, AC Self Storage Solutions, LLC. The facility is Class-A, has a tremendous amount of curb appeal, and is well occupied in what we believe is a strong market. Downing continues, We have transitioned property management and expect to improve this facility with professional management and aggressive revenue management.

The Go Store It facility, at 7905 Spencer Highway, Pasadena, TX will be rebranded AC Self Storage of Pasadena. The neighborhood is primarily single and multi-family residential housing near the central campus of San Jacinto College, a commuter college with 12,000 students.

About AC Self Storage Solutions, LLC

AC Self Storage Solutions, LLC (AC SSS) has offices in Carlsbad, CA and Newport Beach, CA. AC SSS is an owner, operator, and servicer of Self Storage commercial real estate across the United States. In addition to acquisitions, AC SSS also offers asset management services and has over a million square feet of Self Storage under management. AC SSS is a joint venture with Axxcess Capital Ventures, LLC of Newport Beach, CA. The team is made up of professionals from diverse backgrounds in Self Storage, commercial real estate, asset management, investment banking, technology, and finance. Visit http://www.acselfstorage.com.







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