Updated Jul 31, 2025
Marcus & Millichap Arranges $7.9M Loan For Self Storage Property In Hamilton, Ohio
1861 Dixie Highway
$7,900,000
$64/SF
Building Size
122,620 SF
Asset Type
Self Storage
Closing
Jul 29, 2025
About this deal
AI
A 928-unit, self-storage property located at 1861 Dixie Highway in Hamilton, Ohio has been financed for $7,900,000. The property encompasses a total of 122,620 square feet. The financing includes a 5-year, non-recourse loan at an interest rate of 6.63% with a 30-year amortization period and a 65% loan-to-value ratio.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $7,900,000
- Loan Terms: 5-year, non-recourse with 6.63% interest rate
- Amortization Period: 30 years
- Loan-to-Value Ratio: 65%
- Address: 1861 Dixie Highway
- Market: Hamilton, OH
- Square Footage: 122,620
- Units: 928
The financing for this transaction was arranged by Marcus & Millichap Capital Corporation on behalf of a repeat private client. Douglas (Doug) Brooks of Marcus & Millichap acted as the broker representing this deal.
Players
Hamilton Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93