Marcus & Millichap Facilitates Sale Of 22,630 SF Self Storage Facility In Lufkin
2425 Brentwood Dr, Lufkin, TX, USA
Building Size
22,630 SF
Asset Type
—
Closing
Aug 3, 2020
About this deal
AI
A self-storage property located at 2425 Brentwood Dr in Lufkin has been sold. The transaction took place on 08/03/2021 and was facilitated by broker Dave Knobler from Marcus & Millichap. The property spans 22,630 square feet and consists of 223 storage units.
Summary of transaction details
- Property Type: Self Storage
- Transaction Date: 08/03/2021
- Address: 2425 Brentwood Dr
- Market: Lufkin
- Square Footage: 22,630
- Number of Units: 223
- Broker: Dave Knobler - Marcus & Millichap
Dave Knobler from Marcus & Millichap represented the parties involved in the transaction, ensuring a successful deal for all parties.
Lufkin 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