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Marcus & Millichap Sells Access Storage Self Storage In Corpus Christi

Property Image
SOLD
Tim Speck
Gabriel Coe
+ 3

Texas

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Self Storage83,223 SF
Sold
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Property Image
SOLD

Marcus & Millichap Sells Access Storage Self Storage In Corpus Christi

8041 South Padre Island Drive

See Similar Deals
Self Storage83,223 SF
Sold
Tim Speck
Gabriel Coe
+ 3
Contact now

Summary

TEXAS
Asset Type:Self Storage
Price Per Square Foot:$0
Total Square Footage:83223 SF
Transaction Type:Sale

The transaction involved the sale of Access Storage, a 626-unit self-storage facility located at 8041 South Padre Island Drive in Corpus Christi. Built in 2003, the property spans 83,223 net rentable square feet.

Summary of transaction details:

Marcus & Millichap played a significant role in facilitating the sale of the self-storage facility, with Tim Speck acting as the Texas broker of record.

Players

Brian Kelly
4 deals(614) 360-9030
BROKER

Gabriel Coe
Marcus & Millichap
9 deals$67.2M volume
BROKER

Brett Hatcher
Marcus & Millichap
9 deals$67.2M volume
BROKER

Tim Speck
Marcus & Millichap
19 deals$262M volume
BROKER

Nathan Coe
Marcus & Millichap
6 deals$67.2M volume
BROKER

Details

SOLD
IMAGE: Brett Hatcher, Brian Kelly, Gabriel Coe, Luke Sullivan, Nathan Coe & Tim Speck DATE: 06/17/2024 ADDRESS: 8041 South Padre Island Drive MARKET: Corpus Christi ASSET TYPE: Self Storage ~ UNITS: 626 ~ SF: 83,223 BROKERS: Brett Hatcher, Brian Kelly, Gabriel Coe (@GabrielCoe18), Luke Sullivan, Nathan Coe & Tim Speck - Marcus & Millichap NOTE: Marcus & Millichap facilitated the sale of Access Storage, a 626-unit self-storage facility in Corpus Christi, built in 2003 and covering 83,223 net rentable square feet. The transaction, handled by Brian Kelly, Brett Hatcher, Gabriel Coe, Luke Sullivan, and Nathan Coe, involved representing the seller, a limited liability company, with Tim Speck serving as the Texas broker of record. The identity of the buyer was not disclosed.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
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Annual Debt Service$0.00