Marcus & Millichap Sells Dry Dock & Lock Self Storage In Crowley, Texas For Returning Client
2300 Fm 1187
Building Size
200,940 SF
Asset Type
Self Storage
Closing
Feb 13, 2026
AI
The transaction involved a self-storage property located at 2300 FM 1187 in Crowley, Texas. This asset comprises 200,940 square feet and includes 466 units on 20 acres. The property was constructed in 2021, indicating a relatively new development in the self-storage market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Square Footage: 200,940 SF
- Units: 466
- Acres: 20
- Address: 2300 FM 1187
- Market: Crowley
Marcus & Millichap facilitated this transaction, with brokers Danny Cunningham, Brandon Karr, and Jon Danklefs representing the seller. A buyer from Canada was secured by Cunningham and Karr, indicating the reach of their marketing efforts beyond local buyers.
Players
Aledo 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