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
Dallas 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