SOLD
Marcus & Millichap Brokers Brandon Karr And Danny Cunningham Facilitate Sale Of 263-Unit Self Storage Facility In Crowley, TX
10701 Old Cleburne Crowley Junction, Crowley, TX 76036
Building Size
33,100 SF
Asset Type
—
Closing
Oct 12, 2021
About this deal
AI
A self-storage property consisting of 263 units and spanning 33,100 square feet has been sold in Crowley. The property is located at 10701 & 10531 Old Cleburne Crowley Jct.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Market: Crowley
- Units: 263
- Square Footage: 33,100
- BROKERS: Brandon Karr & Danny Cunningham - Marcus & Millichap
The sale of this self-storage property marks a significant transaction in the Crowley market. The deal was facilitated by Brandon Karr and Danny Cunningham of Marcus & Millichap.
Players
Crowley 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