Marcus & Millichap Facilitates Sale Of 228-Unit Self-Storage Facility In Hillsboro, Texas
6167 Texas Highway 171
Building Size
—
Asset Type
Self Storage
Closing
Jan 2, 2024
AI
Marcus & Millichap has sold Lock & Key Storage, a 228-unit self-storage facility located at 6167 Texas Highway 171 in Hillsboro, Texas. The property spans 10.24 acres and was purchased by a local limited liability company.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Number of Units: 228
- Address: 6167 Texas Highway 171
- Market: Hillsboro
The sale of Lock & Key Storage was facilitated by Brandon Karr, Danny Cunningham, Dave Knobler, Jon Danklefs, and Mixson Staffel from Marcus & Millichap. They served as the brokers representing the parties involved in the transaction.
Players
Hillsboro Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
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