Updated Sep 1, 2026
Mansfield Self Storage Facility Sold For $12.5M With Brokers Danny Cunningham And Brandon Karr
Building Size
47,891 SF
Asset Type
Self Storage
Closing
Jul 23, 2026
About this deal
AI
Premium Storage, a self-storage facility located at 2180 FM 1187 in Mansfield, TX, has a total of 165 units comprising 47,891 rentable square feet. The facility includes both climate-controlled units and various parking options, which are covered and uncovered.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Undisclosed
- Market: Mansfield, TX
- Units: 165
- Square Footage: 47,891
- Brokers: Danny Cunningham & Brandon Karr - Marcus & Millichap
This transaction was brokered by Marcus & Millichap, involving an undisclosed local owner-operator and a Midwest-based investment group, highlighting the collaboration of experienced brokers Danny Cunningham and Brandon Karr in facilitating this sale.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · 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