Marcus & Millichap Brokers Sell Pearland Self Storage Facility On East Broadway Street
3512 East Broadway Street, Pearland, Texas 77581, United States
Building Size
18,615 SF
Asset Type
—
Closing
Apr 24, 2022
About this deal
AI
A self storage facility located at 3512 East Broadway Street in Pearland has been sold. The facility spans approximately 18,615 square feet. The sale was facilitated by brokers Dave Knobler, Danny Cunningham, and Brandon Karr of Marcus & Millichap. The transaction took place on April 25, 2022.
Summary of transaction details
- Property Type: Self Storage Facility
- Transaction Amount: Not specified
- Address: 3512 East Broadway Street
- Market: Pearland
- Size: 18,615 square feet
Dave Knobler, Danny Cunningham, and Brandon Karr, representing Marcus & Millichap, were the brokers involved in the sale of this self storage facility in Pearland.
Players
Pearland 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