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1709 Kilgore Dr, Henderson,...

Updated Oct 28, 2024

CXRE Acquires Self-Storage Property In Henderson, TX
SOLD

CXRE Acquires Self-Storage Property In Henderson, TX

1709 Kilgore Dr, Henderson, Texas 75652, United States

Building Size

21,780 SF

Asset Type

Closing

Feb 24, 2022

About this deal

AI

A self-storage property located at 1709 Kilgore Drive in Henderson, Texas has recently been sold. The property, spanning 21,780 square feet, was purchased in a transaction facilitated by CXRE, LLC. The property is classified as a Special Purpose asset and is situated in the Henderson market.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: Not available
  • Address: 1709 Kilgore Drive, Henderson, TX
  • Market: Henderson
  • Square Footage: 21,780

CXRE, a leading commercial real estate brokerage firm based in Texas, represented the buyer in the sale. The buyer's representatives involved in the deal were Cody Pruitt, Robin Francis-Baker, and Zachary Coates from CXRE. The seller, Domestique Properties LLC, was represented by Andy Kutach of Expansion Corporation.

The strategic location of the self-storage property at the interchange of Highway 289 and Highway 322 contributed to its appeal. With a total of 93 units, this storage facility presents a valuable investment opportunity for the buyer.

For over two decades, CXRE has provided a range of services in investment acquisitions and dispositions, property management, and advisory. Their client-focused approach and dedication to delivering results have earned them a strong reputation in the commercial real estate industry.

Players

Robin Francis-Baker

Broker

4 deals

Broker

Henderson 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

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