Dave Knobler - Marcus & Millichap Sells Self Storage Facility In Palestine With 839 Units
2003 Crockett Road, Palestine, Texas 75801, United States
Units
839
Asset Type
—
Closing
Jan 26, 2022
About this deal
AI
A self-storage property located at 2003 Crockett Road in Palestine has been sold. The property consists of 839 units and was listed for sale by broker Dave Knobler from Marcus & Millichap. The transaction was completed on January 27, 2022.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 2003 Crockett Road
- Market: Palestine
- Units: 839
Dave Knobler from Marcus & Millichap represented the seller/buyer/landlord/tenant in this transaction.
Traded’s record for 2003 Crockett Road, Palestine, Texas 75801, United States in Palestine, Texas covers a commercial sale from 2022. Reported inventory is 839 units across 839 units. Dave Knobler, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Palestine, Texas file for the 2003 Crockett Road, Palestine, Texas 75801, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Palestine sit in the Market section below. Filter that Palestine commercial set by closing date to see what else sold near 2003 Crockett Road, Palestine, Texas 75801, United States around 2022. Cite this Dave Knobler - Marcus & Millichap Sells Self Storage Facility In Palestine With 839 Units sale when underwriting similar commercial product around Palestine, Texas.
Palestine 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