Marcus & Millichap Brokers Sell Orange, TX Self Storage For $Undisclosed
19238 Texas 62, Orange, TX, USA
Building Size
23,340 SF
Asset Type
—
Closing
Oct 15, 2021
AI
A self-storage property located at 19238 TX-62 in the Orange market has been sold. The property spans approximately 23,340 square feet and is listed as a self-storage asset.
Summary of transaction details
- Property Type: Self Storage
- Transaction Date: 10/15/2021
- Address: 19238 TX-62
- Market: Orange
- Square Footage: 23,340
The sale of this property was facilitated by Brandon Karr, Danny Cunningham, Dave Knobler, and Mixson Staffel from Marcus & Millichap. They represented the parties involved in the transaction as brokers.
Players
Orange 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