Cap Rate
5.54%
Price Per SF
$64
Gross SQFT
24,200
Year Built
1997
NOI
$86,483
Property Type
Self Storage
INVESTMENT HIGHLIGHTS
- Significant capital improvements made to the industrial warehouse, including a new sign and new exterior metal and façade
- Visibility and access from Interstate 35, which sees over ±68,000 VPD
- Very attractive year two and year three yields projecting a year two 9.65% cap rate and year three 10.85% cap rate
- Affluent area with average household incomes above $101,000 in a 3-mile radius
- 3.70% annual population growth for each of the last 4 years, with projected annual growth of 2.60% until 2029
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