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555 County Road 653

Ciera Bank Sells 101,520-Square-Foot Self Storage Facility In Farmersville Represented By Marcus & Millichap
SOLDSelf Storage

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:

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

Brandon Karr

Marcus & Millichap

Broker

$7M

vol

50 deals

Broker
Ciera Bank
Ciera BankSeller

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