Updated Sep 29, 2026
Marcus & Millichap Brokers Sale Of 299-Unit Self Storage Facility In Crowley Texas
1600 Fm 1187
Building Size
64,210 SF
Asset Type
Self Storage
Closing
Sep 11, 2026
About this deal
AI
The property involved in this transaction is a self-storage facility known as Crowley Space Station, located at 1600 Fm 1187 in Crowley, TX. This asset encompasses 64,210 square feet and features a total of 299 storage units spread across 5.2 acres.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 1600 Fm 1187
- Market: Crowley, TX
- Total Square Footage: 64,210
- Total Units: 299
- Acres: 5.2
- Seller: Local owner-operator
- Buyer: California-based private investor
- Broker: Brandon Karr - Marcus & Millichap
The transaction was facilitated by Brandon Karr, representing Marcus & Millichap. Both the seller and buyer opted to remain anonymous throughout the process, highlighting the private nature of this deal.
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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