facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

All

/

Sale

/

1819 TX-332, Lake Jackson, ...

Marcus & Millichap Brokers Sell Lake Jackson Self Storage For $Undisclosed
SOLD

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

Brian Kelly

Marcus & Millichap

Broker

5 deals

Broker

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