Marcus & Millichap Facilitates Sale Of Self Storage Asset In Fort Worth
10113 First Chapel Drive, Fort Worth, TX 76108, USA
Building Size
56,650 SF
Asset Type
—
Closing
Sep 22, 2021
About this deal
AI
Brandon Karr and Danny Cunningham, representatives from Marcus & Millichap, facilitated a recent closed transaction involving a self-storage property in Fort Worth. The property, located at 10113 First Chapel Dr, consists of 356 units and spans across 56,650 square feet. The sale took place on September 22, 2021.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 10113 First Chapel Dr
- Market: Fort Worth
- Units: 356
- Square Footage: 56,650
Brandon Karr and Danny Cunningham, from Marcus & Millichap, played a pivotal role in this transaction as the brokers representing the parties involved in the deal.
Players
Fort Worth CRE Market Snapshot
Boundary boundary · CRE · 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