SOLD
Brandon Karr & Danny Cunningham Acquire Self Storage Property In Fort Worth For $Undisclosed Amount
16161 U.S. 377, Fort Worth, TX, USA
Building Size
31,305 SF
Asset Type
—
Closing
Apr 22, 2020
About this deal
AI
A self storage property located at 16161 US-377 in Fort Worth has been sold. The transaction took place on April 22, 2021. The property spans a total of 31,305 square feet and sits on 10 acres of land.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 16161 US-377, Fort Worth
- Market: Fort Worth
- Square Footage: 31,305
- Acres: 10
The sale was facilitated by Brandon Karr & Danny Cunningham from Marcus & Millichap. They represented the parties involved in the transaction.
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