Marcus & Millichap Brokers Acquire Self Storage Property In Longview For $TBD
5615 West Marshall Avenue, Longview, Texas 75604, United States
Building Size
76,814 SF
Asset Type
—
Closing
May 10, 2022
About this deal
AI
Located at 5615 West Marshall Avenue in Longview, the self-storage property was recently sold in a transaction handled by Danny Cunningham and Brandon Karr of Marcus & Millichap. This self-storage facility spans over 76,814 square feet, catering to the storage needs of the local market.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: N/A
Danny Cunningham and Brandon Karr, representing Marcus & Millichap, played a crucial role in facilitating the sale of this self-storage property in Longview. Their expertise and experience in the market contributed to a successful transaction.
Players
Longview 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