Brandon Karr Of Marcus & Millichap Sells Self Storage In Midlothian
200 East Ridgeway Drive, Midlothian, TX 76065
Building Size
94,385 SF
Asset Type
—
Closing
Oct 18, 2021
About this deal
AI
Located at 200 E Ridgeway Dr in Midlothian, this self-storage facility encompasses an impressive 94,385 square feet of space. The property was recently sold, representing a closed transaction in the market. The deal was facilitated by Brandon Karr of Marcus & Millichap, who served as the broker for this transaction.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not available
- Address: 200 E Ridgeway Dr
- Market: Midlothian
- Size: 94,385 square feet
Brandon Karr, representing Marcus & Millichap, played a pivotal role in the successful sale of this self-storage facility. With their expertise and industry knowledge, the transaction was executed smoothly, ensuring a satisfactory outcome for all parties involved.
Players
Midlothian 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