Updated Sep 9, 2024
Marcus & Millichap Brokers Acquire Self Storage In Royse City, TX At 7451 Farm-to-Market 35
7451 Farm-to-Market Road 35, Royse City, Texas 75189, United States
Building Size
143 SF
Asset Type
Self Storage
Closing
Nov 14, 2022
About this deal
AI
A self storage property located at 7451 Farm-to-Market 35 in Royse City, TX has been sold. The transaction took place on November 14, 2022. The property, with a total area of 143,560 square feet, was sold by the seller represented by Danny Cunningham & Brandon Karr from Marcus & Millichap.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not available
- Date: 11/14/2022
- Address: 7451 Farm-to-Market 35
- Market: Royse City, TX
- Asset Type: Self Storage
- Square Footage: 143,560
Danny Cunningham & Brandon Karr, representing Marcus & Millichap, acted as the brokers in this transaction.
Players
Royse City 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