Marcus & Millichap Facilitates Sale Of 316-Unit Self Storage Facility In Athens Texas
6187 State Highway 19 North
Building Size
47,356 SF
Asset Type
Self Storage
Closing
Nov 13, 2024
AI
This transaction involved the sale of a self-storage facility located at 6187 TX-19 in Athens, Texas. The asset comprises 316 units, providing a total of 47,356 rentable square feet on a 9.1-acre parcel of land. The transaction was facilitated by Marcus & Millichap, a well-known company in the real estate market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Units: 316
- Square Footage: 47,356
- Acres: 9.1
- Address: 6187 TX-19
- Market: Athens
- Brokers: Brandon Karr & Danny Cunningham - Marcus & Millichap
The deal involved private investors from the Dallas-Fort Worth area. Brandon Karr and Danny Cunningham, representing both the buyer and seller, played a crucial role in facilitating the transaction for the Sentry Storage facility.
Players
Athens 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