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2300 Fm 1187

Marcus & Millichap Sells Dry Dock & Lock Self Storage In Crowley, Texas For Returning Client
SOLDSelf Storage

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

Brandon Karr

Marcus & Millichap

Broker

$7M

vol

49 deals

Broker

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