Marcus & Millichap Brokers Sale Of Self-Storage Property In Mesquite
502 West Kearney Street, Mesquite, Texas 75149, United States
Building Size
70,590 SF
Asset Type
—
Closing
May 21, 2022
About this deal
AI
The self-storage property located at 502 West Kearney Street in Mesquite has been sold in a recent transaction. The sale took place on 05/22/2022, with Brandon Karr of Marcus & Millichap serving as the broker for the deal. The property spans a total of 70,590 square feet, offering ample storage space for residents in the area.
Summary of transation details
- Property Type: Self-Storage
- Transaction Amount: Not provided
- Address: 502 West Kearney Street
- Market: Mesquite
- Broker: Brandon Karr - Marcus & Millichap
Brandon Karr of Marcus & Millichap played a key role in facilitating this transaction. As a representative for the buyer or seller, they ensured a successful deal was reached for the self-storage property.
Players
Mesquite 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