Marcus & Millichap Sells 554-Unit Self Storage In Baytown
4222 N Main St, Baytown, TX, USA
Building Size
66,500 SF
Asset Type
—
Closing
Nov 16, 2021
About this deal
AI
Located at 4222 N Main St in Baytown, this self-storage property recently changed hands in a sale transaction.
Summary of Transaction Details
- Property Type: Self Storage
- Transaction Date: 11/16/2021
- Number of Units: 554
- Square Footage: 66,500
- Market: Baytown
The transaction was facilitated by Dave Knobler of Marcus & Millichap, who represented the parties involved in the deal.
Traded’s record for 4222 N Main St, Baytown, TX, USA in Baytown, Texas covers a commercial sale from 2021. Reported inventory is 66,500 square feet across 554 units, or about 0 per square foot. Dave Knobler, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Baytown, Texas file for the 4222 N Main St, Baytown, TX, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Baytown sit in the Market section below. Filter that Baytown commercial set by closing date to see what else sold near 4222 N Main St, Baytown, TX, USA around 2021. Cite this Marcus & Millichap Sells 554-Unit Self Storage In Baytown sale when underwriting similar commercial product around Baytown, Texas.
Baytown 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