SOLD
Marcus & Millichap Facilitates Sale Of Madisonville Self Storage Facility On E Main St
1900 East Main Street, Madisonville, TX, USA
Building Size
41,740 SF
Asset Type
—
Closing
Jul 27, 2020
About this deal
AI
1900 E Main St in Madisonville has been sold in a recent transaction. The property is a self storage facility spanning 41,740 square feet, with a total of 292 units. The sale took place on July 27, 2021.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 1900 E Main St
- Market: Madisonville
- Square Footage: 41,740
- Number of Units: 292
The deal was facilitated by the team of brokers from Marcus & Millichap, including Dave Knobler, Jordan Farrer, Charles LeClaire, and Adam Schlosser.
On the Map
Players
Madisonville 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