Marcus & Millichap Sells Boat Storage Property In Port O'Connor, Texas
2417 West Monroe Avenue, Port O'Connor, TX 77982, USA
Building Size
77,358 SF
Asset Type
Other
Closing
Sep 1, 2021
About this deal
AI
2417 West Monroe Ave in Port O'Connor has been sold in a recent transaction. The property, a boat storage facility, spans a total of 77,358 square feet. Dave Knobler from Marcus & Millichap represented the buyer and seller in this deal, which took place on September 1, 2021.
Summary of transaction details
- Property Type: Boat Storage
- Transaction Amount: Not specified
- Address: 2417 West Monroe Ave, Port O'Connor
- Market: Port O'Connor
- Square Footage: 77,358
Dave Knobler from Marcus & Millichap played a key role as the broker in facilitating this transaction. Their expertise and representation were instrumental in bringing together the buyer and seller for this boat storage property in Port O'Connor.
Port O Connor Other Market Snapshot
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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