Cap Rate
7.60%
Units
145
Year Built
2021
Leasable Area
25,000 SF
NOI
$86,686
Property Type
Self Storage
INVESTMENT HIGHLIGHTS
- Land for expansion included in the sale, including an already poured concrete slab
- Strong traffic counts with over 16,000 VPD
- Access directly from Highway 21
- Very limited competition in this market as there are only 2 other storage facilities in a 5-mile radius
- Opportunities to significantly improve revenue through increasing physical and economic occupancy, and implementing a strategic tenant insurance program
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225