Updated Oct 29, 2024
Unknown LLC Purchases 33600 SF Property At 14660 Spring Cypress Rd Cypress TX With Seller's Rep Casey Kral Marcus & Millichap
14660 Spring Cypress Rd, Cypress, TX...
Building Size
33,600 SF
Asset Type
Self Storage
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is a self-storage facility named Creekside Storage, which consists of 147 units situated at 14660 Spring Cypress Road in Cypress, Texas. The facility encompasses 33,600 square feet of net rentable space within the Cypress market.
Summary of transaction details:
- Property Type: Self-storage facility
- Transaction Amount: Undisclosed
- Address: 14660 Spring Cypress Rd, Cypress, TX
- Market: Cypress
- Seller's Representative: Casey Kral - Marcus & Millichap
- Buyer: Unknown LLC
Dave Knobler, alongside Casey Kral, represented the seller, a private investor, in this closed transaction. The asset was purchased by an El Paso-based limited liability company.
On the Map
Self Storage
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Cypress 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