Marcus & Millichap Brokers Sell Lake Jackson Self Storage For $Undisclosed
1819 TX-332, Lake Jackson, TX, USA
Building Size
45,086 SF
Asset Type
—
Closing
Apr 15, 2020
AI
The self-storage property located at 1819 TX-332 in Lake Jackson has been sold in a recent transaction. The property spans an area of 3.4 acres and offers a total of 45,086 square feet of space. It comprises 378 units, providing ample storage options for tenants.
Summary of Transaction Details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Date: 04/15/2021
- Address: 1819 TX-332, Lake Jackson
- Market: Lake Jackson
- Square Footage: 45,086
- Number of Units: 378
- Acres: 3.4
The sale of this self-storage property was facilitated by brokers Brian Kelly, Brett Hatcher, Gabriel Coe, Dave Knobler, and Tim Speck from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in closing the deal.
Players
Lake Jackson CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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