Marcus & Millichap Brokers Sell Big Spring Self Storage For $X.XM
3301 Fm700, Big Spring, Tx 79720, Usa
Building Size
731,160 SF
Asset Type
Other
Closing
Sep 24, 2020
AI
A self-storage property located at 3301 East FM 700 in Big Spring has been sold. The transaction was facilitated by Sean Delaney, Brandon Karr, and Danny Cunningham from Marcus & Millichap. The property spans across 73,116 square feet and consists of 365 storage units.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Market: Big Spring
- Address: 3301 East FM 700
- SF: 73,116
- Units: 365
Sean Delaney, Brandon Karr, and Danny Cunningham from Marcus & Millichap played a pivotal role in facilitating the sale of this self-storage property in Big Spring.
Players
Big Spring Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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