Copra Holdings LLC has bought Bear Branch Boat & RV Storage for $3.94 million. The sale was subject to a $3.2 million acquisition and development loan provided by Independent Bank.

CSD Realty worked on behalf of the Magnolia based seller while Bellomy & Co. represented the buyer in the transaction. Bellomy & Co.’s brokerage team included Principals Bill Bellomy and Michael Johnson.

Bear Branch Boat & RV Storage is a 96,810 square foot storage asset in Magnolia, Texas. The facility is located at 33110 Egypt Lane. The property was built in four phases between 2002 and 2006.

The 14 building facility occupies 6.1 acres. It comprises 256 enclosed and partially opened boat & RV units. It is near Interstate 45 and approximately 40 miles from downtown Houston. In addition, the asset is situated about 32 miles from George Bush Intercontinental Airport.

Source: CP Executive

Fulya Altunyay/ [email protected]