Jon Danklefs - Commercial Real Estate Showcase

Jon Danklefs Property Listings
Senior Associate
Marcus & Millichap
8200 W Interstate 10
Suite 603
San Antonio, TX 78230-3876

1003 N 38th Street - Rancier Mini Storage

Killeen, TX 76543-3750 - Greater Killeen Submarket

Property Type:Specialty Sub Type:Self-Storage Status:Existing Year Built:1985
Stories:1 Typical Floor:- Building Size:46,685 SF
For Sale Price:$2,790,000 Price/SF:$59.76
Cap Rate:7.97 %
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of .08/1,000 SF Amenities:Property Manager on Site, Storage Units

Sale Notes:
Rancier Mini Storage is a 46,685-square foot facility situated on 2.64 acres. Built in 1985, the property is comprised of metal buildings with steel framing, and features 15 camera video surveillance, gated entry with keypad, concrete foundations, wide asphalt driveways, climate controlled units, and garage style roll-up doors.

Offered at $2,790,000, a new investor will be capturing a stabilized income stream projected to produce $89,877 in free cash flow in year one and debt service coverage ratio over 1.77

By standardizing current rental rates to the highest achieved rate, reducing over $1,200 per month in discounts or concessions, and containing costs at two percent per year, disposing at the end of year seven would reap a projected gain of just over $2,1719,978.

Marcus & Millichap
Jon Danklefs
(210) 343-7800

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