California Investor Acquires North Loop Mini Warehouses Self Storage In Athens Texas For $???M
2202 Jed Robinson Loop
Building Size
53,812 SF
Asset Type
Self Storage
Closing
Jul 14, 2026
AI
The property involved in this transaction is a self-storage facility located at 2202 Northeast Loop 7 in Athens, Texas. The facility encompasses 53,812 square feet and comprises 277 units situated on 7.67 acres of land. The asset, built in 1994, was sold by a family that inherited it, who chose to divest rather than continue its operation.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 2202 Northeast Loop 7
- Market: Athens, TX
- Square Footage: 53,812
- Units: 277
- Acres: 7.67
- Year Built: 1994
Danny Cunningham and Brandon Karr from Marcus & Millichap represented the sale of North Loop Mini Warehouses to a private investor from California. The buyer is expanding their portfolio in East Texas with this acquisition.
Players
Athens 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