Marcus & Millichap Brokers Danny Cunningham & Brandon Karr Facilitate Sale Of Bonham Self Storage For $UndisclosedM At 3251 Recreational Road 3
3251 Recreation Road 3, Bonham, Texas 75418, United States
Building Size
61,560 SF
Asset Type
—
Closing
Jul 14, 2022
About this deal
AI
Danny Cunningham and Brandon Karr of Marcus & Millichap successfully facilitated the sale of a self-storage property located at 3251 Recreational Road 3 in Bonham. The transaction took place on July 15, 2022, resulting in the transfer of ownership of the property.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Square Footage: 61,560 sqft
- Address: 3251 Recreational Road 3, Bonham
- Market: Bonham
Danny Cunningham and Brandon Karr, both representatives of Marcus & Millichap, played a crucial role in this successful transaction. Their expertise and skills contributed to the smooth completion of the deal.
Players
Bonham 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