Marcus & Millichap Brokers Sell George West Storage Facility On US-281
3608 US Route 281, George West, Texas 78022, United States
Building Size
37,440 SF
Asset Type
—
Closing
May 10, 2022
AI
A storage facility in George West, located at 3608 US-281, has been sold in a recent transaction. The facility spans a total of 37,440 square feet, providing ample space for storage needs. The sale of the property was facilitated by Bryan Quaschnick, Brandon Karr, and Danny Cunningham from the Marcus & Millichap agency.
Summary of transaction details
- Property Type: Storage Facility
- Transaction Amount: Not specified
- Address: 3608 US-281
- Market: George West
- Square Footage: 37,440
Bryan Quaschnick, Brandon Karr, and Danny Cunningham from Marcus & Millichap played a crucial role in mediating the sale of the storage facility. Their expertise and experience in the field of real estate were essential in successfully closing the deal.
Players
George West CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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