Marcus & Millichap Facilitates Sale Of TEPCO Storage In New Braunfels, Texas
242 Deborah Dr New Braunfels, TX 78130, USA
Building Size
—
Asset Type
Self Storage
Closing
Aug 2, 2023
AI
Marcus & Millichap has recently facilitated the sale of TEPCO Storage, a self-storage facility located at 242 Deborah Drive in New Braunfels, Texas. The property features 45 storage units and is situated on a spacious 1.43-acre lot. The transaction involved the transfer of ownership from one limited liability company to another, marking a significant investment in the local self-storage market.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Number of Units: 45
- Lot Size: 1.43 acres
- Address: 242 Deborah Drive, New Braunfels, Texas
The sale of TEPCO Storage was facilitated by Marcus & Millichap, represented by Jon Danklefs and Sean M. Delaney. As investment specialists at Marcus & Millichap, Danklefs and Delaney played a crucial role in connecting the buyer and seller of this self-storage property. Their expertise in the local market and extensive experience in investment transactions made them invaluable in closing the deal successfully.
Players
Texas Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
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