Updated Oct 29, 2024
UTEX Storage Partners Acquires Denton Self Storage Facility With Marcus & Millichap's Representation
2820 Virginia Circle, Denton, Texas 76209, United States
Units
440
Asset Type
Self Storage
Closing
Jan 9, 2023
About this deal
AI
The self storage property located at 2820 Virginia Circle in Denton has been sold. The transaction took place on January 10, 2023. The property, spanning over 3.4 acres, consists of 440 storage units.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not available
- Address: 2820 Virginia Circle, Denton
- Market: Denton
- Number of Units: 440
- Total Land Size: 3.4 acres
UTEX Storage Partners has acquired the property from Price Cos. The brokerage services for this deal were provided by Brandon Karr, Danny Cunningham, and Jon Danklefs from Marcus & Millichap.
On the Map
Self Storage
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Players
Denton 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