Marcus & Millichap Sells Eason Storage Self Storage Facility By Buyer Representation In Canton, Texas
17546 Fm 17
Building Size
39,265 SF
Asset Type
Self Storage
Closing
Aug 1, 2024
AI
The transaction involves a self-storage facility located at 17546 Fm 17 in Canton, Texas. The facility comprises 229 units and covers an area of 39,265 rentable square feet on a 4.78-acre lot.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Seller-financed deal
- Units: 229
- Square Feet: 39,265
- Acres: 4.78
- Address: 17546 Fm 17
- Market: Canton
The sale was brokered by the Karr-Cunningham Storage Team at Marcus & Millichap, led by Danny Cunningham and Brandon Karr. The facility was purchased by a Texas-based storage group.
Players
Canton 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