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2820 Virginia Circle, Dento...

UTEX Storage Partners Acquires Denton Self Storage Facility With Marcus & Millichap's Representation
SOLDSelf Storage

UTEX Storage Partners Acquires Denton Self Storage Facility With Marcus & Millichap's Representation

2820 Virginia Circle, Denton, Texas 76209, United States

Building Size

Asset Type

Self Storage

Closing

Jan 9, 2023

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.

Players

Brandon Karr

Marcus & Millichap

Broker

$7M

vol

50 deals

Broker
UTEX Storage Partners
UTEX Storage PartnersBuyer

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