Marcus & Millichap Facilitates Sale Of Self Storage Property In Longview
2000 Jahan Trail, Longview, TX 75604, USA
Building Size
11,108 SF
Asset Type
—
Closing
Jul 6, 2020
AI
The self-storage property located at 2000 Jahan Trail in Longview has been sold. The transaction took place on July 6, 2021, and was facilitated by the brokers Dave Knobler, Brandon Karr, Danny Cunningham, and Mixson Staffel from Marcus & Millichap. The property spans a total of 11,108 square feet and consists of 114 units.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Date: 07/06/2021
- Address: 2000 Jahan Trail
- Market: Longview
- Square Footage: 11,108
- Number of Units: 114
The deal was successfully completed with the assistance of the experienced brokers Dave Knobler, Brandon Karr, Danny Cunningham, and Mixson Staffel from Marcus & Millichap.
Players
Longview 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