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
Cypress Other Market Snapshot
Boundary boundary · Other · 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