Marcus & Millichap Brokers Sell Self Storage Property In Spring, Texas
17536 Stuebner Airline Road, Spring, TX 77379, USA
Building Size
29,400 SF
Asset Type
Other
Closing
Mar 24, 2021
About this deal
AI
The 280-unit self storage property located at 17536 Stuebner Airline Rd in Spring has been sold. The transaction took place on March 25, 2021. The property was marketed by Brandon Karr, Danny Cunningham, and Dave Knobler from Marcus & Millichap.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Date: 03/25/2021
- Address: 17536 Stuebner Airline Rd, Spring
- Market: Spring
- Brokers: Brandon Karr, Danny Cunningham, and Dave Knobler - Marcus & Millichap
- Number of Units: 280
The deal was facilitated by Brandon Karr, Danny Cunningham, and Dave Knobler, representing Marcus & Millichap. They played a crucial role in negotiating and finalizing the sale of the self storage property.
Players
Spring 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