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
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