Apricus Realty Capital Acquires 8,800 SF Self Storage In Southeast Dallas
11600 C F Hawn Freeway
Building Size
8,800 SF
Asset Type
Self Storage
Closing
Oct 19, 2023
AI
A local investment firm, Apricus Realty Capital, has recently acquired an 8,800-square-foot industrial outdoor storage facility located in southeast Dallas. The property, situated on a four-acre site, serves as a crane rental and maintenance facility. Unfortunately, no further information regarding the seller or sales price has been disclosed.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not available
- Square Footage: 8,800
- Address: 11600 C F Hawn Freeway, Dallas
- Market: Dallas
Cort Martin and Matt Haley, representing Apricus Realty Capital, were the brokers involved in this transaction. They played a vital role in facilitating the deal, ensuring a successful acquisition for their client. The expertise and experience brought by Cort Martin and Matt Haley enabled Apricus Realty Capital to secure this valuable industrial outdoor storage facility in Dallas.
Players
Dallas Self Storage Market Snapshot
Boundary boundary · Self Storage · 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