Updated Dec 5, 2024
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
About this deal
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:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 820 South Greenville Avenue
- Market: Allen
- Broker: Jon Danklefs
- Agency: Marcus & Millichap
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.
On the Map
Self Storage
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Allen Self Storage Market Snapshot
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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