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242 Deborah Dr New Braunfel...

Updated Sep 5, 2024

Marcus & Millichap Facilitates Sale Of TEPCO Storage In New Braunfels, Texas
SOLDSelf Storage

Marcus & Millichap Facilitates Sale Of TEPCO Storage In New Braunfels, Texas

242 Deborah Dr New Braunfels, TX 78130, USA

Units

45

Asset Type

Self Storage

Closing

Aug 2, 2023

About this deal

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

Sean Delaney

Marcus & Millichap

Broker

$27.8M

vol

9 deals

Broker

Texas 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

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