Ciera Bank Sells 101,520-Square-Foot Self Storage Facility In Farmersville Represented By Marcus & Millichap
555 County Road 653
Building Size
101,520 SF
Asset Type
Self Storage
Closing
Apr 13, 2026
AI
The property involved in this transaction is a self-storage facility located at 555 County Road 653, Farmersville. The asset boasts a total area of 101,520 square feet and consists of 207 units situated on 12.7 acres. This facility was built in 2023 and is positioned approximately 45 miles northeast of Dallas.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Square Footage: 101,520 SF
- Units: 207
- Acres: 12.7
- Seller: Ciera Bank
- Brokers: Danny Cunningham, Brandon Karr & Jon Danklefs - Marcus & Millichap
The deal was brokered by Marcus & Millichap, with Danny Cunningham, Brandon Karr, and Jon Danklefs representing the seller, Ciera Bank, in the transaction. The deal secured a buyer from Dallas for the property.
Players
Farmersville 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