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6167 Texas Highway 171

Marcus & Millichap Facilitates Sale Of 228-Unit Self-Storage Facility In Hillsboro, Texas
SOLDSelf Storage

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

Brandon Karr

Marcus & Millichap

Broker

$7M

vol

49 deals

Broker

Hillsboro 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