Arol Horkavy & Jon Danklefs Of Marcus & Millichap Acquire 15,513 SF Self-Storage Property In Odessa
525 West 42nd Street, Odessa, TX, USA
Building Size
15,513 SF
Asset Type
Other
Closing
Nov 16, 2020
About this deal
AI
An self-storage property located at 525 W. 42nd Street in Odessa has been sold in a recent transaction. The sale was facilitated by Arol Horkavy and Jon Danklefs of Marcus & Millichap, who acted as the brokers. The transaction took place on November 17, 2020.
Summary of transation details
- Property Type: Self-Storage
- Transaction Amount: Not provided
- Square Footage: 15,513
- Number of Units: 123
- Address: 525 W. 42nd Street
- Market: Odessa
The self-storage property comprises a total of 15,513 square feet and features 123 units. It is located at 525 W. 42nd Street in Odessa. The brokers responsible for the transaction were Arol Horkavy and Jon Danklefs of Marcus & Millichap. No additional information about the sale price or transaction amount was provided.
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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