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Great investment opportunity with upside offered by the original owners. 9 mini-storage building complex built from 1994 to 2000 containing a total of 26,738 square feet of rentable space with approximately 32,000 square feet of concrete paving. The North vacant .40 acre also provides room for future expansion. The entire property is perimeter fenced w/gate operator. Since 1994 this property has consistently maintained an occupancy rate above industry standards, usually 95+%, without advertising. The current Cap Rate is 9.1% with rent rates approximately 10% less than local competitors. Located at 425 NW Loop 436, next to HEB Grocery/Bealls shopping center. Best location in town. |
