Sale
$6,400,000
Units
6,400,000
Asset Type
—
Closing
Dec 14, 2022
About this deal
AI
A portfolio of self storage properties located in the Federal Texas area has been sold for a total of $6,400,000. The portfolio, situated on approximately 5.07 acres, consists of 585 units with a price per unit of $10,940. The total square footage of the properties is approximately 68,030, with a price per square foot of $94.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $6,400,000
- Address: Federal Texas Portfolio
- Market: Fort Worth
- Number of Units: 585
- Price Per Unit: $10,940
- Total Square Footage: 68,030
- Price Per Square Foot: $94
The seller of the portfolio was 10 Federal. The transaction was facilitated by brokers Stacey Gorman, Eric Jones, Cameron Bradford, Sam Slocum, Brandon Karr, Danny Cunningham, and Tim Speck from Marcus & Millichap.
Players
Market 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93