Updated Dec 10, 2024
Brandon Karr And Danny Cunningham Represent Seller In Sale Of Self Storage Facility In Hughes Springs
189 Fm 250
Building Size
54,100 SF
Asset Type
Self Storage
Closing
Dec 3, 2024
About this deal
AI
The transaction involved a self-storage facility located at 189 Fm 250 in Hughes Springs, TX, featuring a total of 54,100 square feet and comprising 260 storage units. The facility also includes 20 RV/boat spaces.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Square Footage: 54,100
- Units: 260
- RV/Boat Spaces: 20
- Address: 189 Fm 250
- Market: Hughes Springs
- Brokers: Brandon Karr & Danny Cunningham
- Agency: Marcus & Millichap
- Seller: Local developer
- Buyer: Dallas-based investment company
Brandon Karr and Danny Cunningham represented the seller in this transaction, facilitating the successful sale to the buyer, a Dallas-based investment company.
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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