Updated Dec 4, 2024
Marcus & Millichap Sells The Lake Tawakoni Portfolio In Quinlan, Texas
Tawakoni Drive
Building Size
—
Asset Type
Self Storage
Closing
Jun 4, 2024
About this deal
AI
The Lake Tawakoni Portfolio in Quinlan, Texas, consisting of 219 RV sites, 198 storage units, 39 cabins, and 39 boat slips dispersed across three properties, has been sold. The details of the buyer and seller were not disclosed.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Brokers: Blake Eisenberg, Brad Dorsey, Edgar Martinez, Katie Eaton & Skyler Henderson - Marcus & Millichap
Marcus & Millichap, a renowned brokerage firm, facilitated the sale of The Lake Tawakoni Portfolio. Blake Eisenberg, Brad Dorsey, Edgar Martinez, Katie Eaton, and Skyler Henderson from Marcus & Millichap were the brokers involved in the transaction.
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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