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820 South Greenville Avenue

Marcus & Millichap Facilitates Sale Of Self Storage Facility For Extra Space Storage In Allen
SOLDSelf Storage

Marcus & Millichap Facilitates Sale Of Self Storage Facility For Extra Space Storage In Allen

820 South Greenville Avenue

Building Size

80,000 SF

Asset Type

Self Storage

Closing

Nov 4, 2024

AI

The property asset involved in this transaction is a self-storage facility with a total square footage of 80,000. It is situated at 820 South Greenville Avenue in the market of Allen, Texas. The facility is a three-story building that features 769 climate-controlled storage units.

Summary of transaction details:

Broker Jon Danklefs, representing the agency Marcus & Millichap, facilitated the transaction for Extra Space Storage. The sales process involved detailed negotiations and strategic marketing to ensure a successful transfer of ownership.

Players

Jon Danklefs

Marcus & Millichap

Broker

24 deals

Broker

Allen 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