Marcus & Millichap Brokers Sale Of Pego Self Storage 568-Unit Facility In Mabank, Texas
11951 Texas Highway 198
Building Size
72,262 SF
Asset Type
Self Storage
Closing
Sep 17, 2024
AI
Pego Self Storage is a 568-unit self-storage facility located at 11951 Texas Highway 198 in Mabank, Texas. The facility comprises 72,262 net rentable square feet and includes both drive-up and climate-controlled units.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 11951 Texas Highway 198
- Market: Mabank
- Units: 568
- Square Footage: 72,262
Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller in this transaction and successfully secured an Austin-based buyer for the property.
Players
Mabank 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