Marcus & Millichap Brokers Sale Of Two Texas Self-Storage Facilities Totaling 802 Units
4013 East Stan Schlueter Loop & 3102 South Mccoll Road
Building Size
174,084 SF
Asset Type
Self Storage
Closing
Oct 1, 2025
AI
The transaction involved the sale of two self-storage facilities located at 4013 East Stan Schlueter Loop in Killeen and 3102 South Mccoll Road in Edinburg, Texas. The total square footage of these facilities amounts to 87,042 and they consist of 802 storage units across a combined area of 6.3 acres. The properties are positioned within the Killeen and Edinburg markets.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Square Footage: 87,042
- Units: 802
- Acres: 6.3
- Address: 4013 East Stan Schlueter Loop & 3102 South Mccoll Road
- Market: Killeen & Edinburg
- Brokers: Stacey Gorman, Sam Slocum, Grace Folger & Cameron Bradford - Marcus & Millichap
The sale was brokered by Marcus & Millichap, which facilitated the transaction of the two Texas self-storage facilities as part of a three-property portfolio deal that also included a 294-unit facility in Las Cruces, New Mexico.
Players
Killeen 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