Updated Sep 4, 2026
Marcus & Millichap Brokers Sale Of Double D Storage Portfolio With 529 Units In Monahans TX
810 South Stockton Avenue
Building Size
64,200 SF
Asset Type
Self Storage
Closing
Aug 31, 2026
About this deal
AI
The property asset involved in the transaction is a self-storage facility known as the Double D Storage Portfolio, consisting of five properties totaling 64,200 square feet and featuring 529 units. It is located at 810 South Stockton Avenue in Monahans, Texas, and spans across 4.5 acres, having been developed in 1993. At the time of sale, the facilities were reported to be 98% occupied.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Units: 529
- Square Footage: 64,200
- Address: 810 South Stockton Avenue
- Market: Monahans, TX
- Acres: 4.5
- Broker Representatives: Danny Cunningham & Brandon Karr - Marcus & Millichap
In this transaction, both the buyer and seller have chosen to remain anonymous. The deal was brokered by Danny Cunningham and Brandon Karr, representatives from Marcus & Millichap, who facilitated the sale of the self-storage portfolio.
Players
Monahans 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