Marcus & Millichap Brokers Off-Market Sale Of 303-Unit Self Storage Facility In Gonzales
2502 Harwood Road
Building Size
—
Asset Type
Self Storage
Closing
Dec 11, 2023
AI
Apache Self Storage, a 303-unit facility located at 2502 Harwood Road in Gonzales, was recently sold in an off-market transaction. The sale was facilitated by Marcus & Millichap, with Jon Danklefs representing the seller. The buyer, a limited liability company, chose to remain anonymous throughout the transaction.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Unspecified
- Units: 303
- Address: 2502 Harwood Road, Gonzales
- Market: Gonzales
Jon Danklefs, a broker from Marcus & Millichap, played a pivotal role in facilitating the off-market sale of Apache Self Storage. Danklefs represented the seller in the transaction, ensuring a smooth and successful deal for all parties involved.
Players
Gonzales 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