Updated Dec 20, 2023
Marcus & Millichap Capital Corp Arranges $5.8M Loan For Hedgesville And Falling Waters WV Self Storage Facility
73 Roaring Lion Drive, Hedgesville, West Virginia 25427, United States
$5,800,000
Building Size
—
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
A $5,800,000 loan has been secured for the self-storage properties located at 73 Roaring Lion Dr, 21 Crawford Quarry Rd, 1820 Broad Ln, and 9724 Williamsport Pike in Hedgesville and Falling Waters WV. This 10-year loan was obtained on behalf of the borrower.
Summary of transaction details
- Property Type: Self Storage
- Loan Amount: $5,800,000
- Loan Terms: 10-year loan on behalf of the borrower
- Market: Hedgesville & Falling Waters WV
- Broker: Jared Cassidy - Marcus & Millichap Capital Corp
Jared Cassidy of Marcus & Millichap Capital Corp acted as the broker in this transaction. Their expertise and representation were instrumental in securing the loan for the self-storage properties.
Hedgesville CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93