Marcus & Millichap Brokers Sale Of Self Storage Facility In Tyler, TX
6435 Paluxy Drive, Tyler, Texas 75703, United States
Building Size
35,892 SF
Asset Type
—
Closing
Mar 3, 2022
About this deal
AI
Located at 6435 Paluxy Drive in Tyler, this self storage property was recently sold in a transaction facilitated by Brandon Karr of Marcus & Millichap. The sale took place on March 4, 2022. The property, spanning 35,892 square feet, offers ample space for storage needs.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Date: 03/04/2022
- Address: 6435 Paluxy Drive
- Market: Tyler
- Asset Type: Self Storage
- Square Footage: 35,892
Brandon Karr, representing Marcus & Millichap, played a crucial role in facilitating the transaction. His expertise in the field of real estate and his understanding of the Tyler market helped ensure a successful deal.
Players
Tyler 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