facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Other

/

Sale

/

17433 Lewis Dr, Cypress, TX...

Marcus & Millichap Represents Sale Of Self Storage Facility In Cypress
SOLDOther

Marcus & Millichap Represents Sale Of Self Storage Facility In Cypress

17433 Lewis Dr, Cypress, TX 77433, USA

Building Size

530,150 SF

Asset Type

Other

Closing

Aug 19, 2020

AI

A self-storage property located at 17433 Lewis Drive in Cypress has been sold. The property, with a total square footage of 53,015, was recently transacted. The deal was facilitated by Brian Kelly, Brett R. Hatcher, Gabriel Coe, and Tim Speck from Marcus & Millichap.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: N/A

In this closed transaction, the self-storage property situated at 17433 Lewis Drive in Cypress changed ownership. Spanning a total of 53,015 square feet, the property was sold with no specific transaction amount provided in the available information. Representing the deal were Brian Kelly, Brett R. Hatcher, Gabriel Coe, and Tim Speck, who are affiliated with Marcus & Millichap.

Players

Brian Kelly

Marcus & Millichap

Broker

5 deals

Broker

Cypress Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

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