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7701 Banner Dr, Dallas, TX,...

Ryan Clark Of SkyView Advisors Sells Self Storage Facility In Dallas Area
SOLDSelf Storage

Ryan Clark Of SkyView Advisors Sells Self Storage Facility In Dallas Area

7701 Banner Dr, Dallas, TX, 75251

Building Size

Asset Type

Self Storage

Closing

Nov 22, 2023

AI

The 908-unit Extra Space Storage facility located at 7701 Banner Drive in north Dallas has been sold. The property, sitting on a 1.1-acre lot, offers 77,162 net rentable square feet. The seller's representative, Ryan Clark of SkyView Advisors, facilitated the sale of the self-storage asset. The buyer and the sales price remain undisclosed.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Address: 7701 Banner Dr, Dallas, TX, 75251
  • Market: Dallas
  • Seller's Rep: Bryan Clark (JLL)

SkyView Advisors, a Tampa-based brokerage firm, played a key role in the transaction, assisting the undisclosed seller in the sale of the self-storage facility. The sale, completed in North Dallas, involved the transfer of the property from the seller to the undisclosed buyer, marking a significant transaction in the self-storage market.

Players

Bryan Clark

JLL

Broker

$320.4M

vol

11 deals

Broker

Dallas 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