JLL Capital Markets provides financing for 840-unit self-storage facility in Texas

JLL Capital Markets has arranged financing for Anna Self Storage, an 840-unit self-storage facility in Anna, Texas.

JLL worked on behalf of the borrower, HPI Real Estate, to secure the five-year, floating-rate acquisition loan with Security National Bank.

Anna Self Storage is located at the intersection of Ferguson Parkway and Highway 455 in the heart of Anna, surrounded by retail and residential development. The property is the newest self-storage facility in the trade area.

HPI, based in Austin, Texas, has developed and acquired over 40 self-storage properties.

Completed in 2023, the two-story facility totals 103,000 square feet. The climate-controlled building is currently in lease-up with 30% of the units occupied at the time of the loan closing.

The JLL Capital Markets Investment Sales and Advisory team representing the borrower was led by Managing Director Casey Wenzel, Director John Bauman and Associate Luke Rogers.