104 S Commercial St - Self-Storage Facilities FOR SALE


Bells, TX 75414
$189,000 USD
903-818-7946
104 S Commercial St, Bells, TX for Sale
$189,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | Request Cap Rate

104 S Commercial St
Bells, TX 75414


HIGHLIGHTS

  • 20 standard 10x10 units, 3 smaller units, and a 20x20 garage (currently unleased, est. $300/month)
  • Ownership has spent recent months cleaning out vacant units and re-signing tenants at their existing rates
  • Occupied units are leased under market value, with tenants intentionally kept month-to-month — giving a new owner flexibility to raise rents once vaca
  • 8 units occupied, 16 vacant, fully cleaned out, and ready to lease (not yet marketed, as ownership has prioritized the sale)
  • Sellers will consider owner financing; call for more information

OVERVIEW

Excellent opportunity to acquire a self-storage facility in Bells, Texas. The property consists of 20 standard 10x10 units, three smaller units, and one 20x20 garage that is not currently leased, estimated to rent for around $300 per month. Over the last few months, ownership has focused on cleaning out vacant units and re-signing tenants, renewing those who wished to stay at their existing rental rates. As a result, the currently leased units are under market value, and those tenants have intentionally been kept on month-to-month agreements. This presents the new owner the flexibility to raise rents once the vacant units are filled. At this time, 8 units are occupied and 16 are vacant, fully cleaned out, and ready to lease. None of the vacant units have been marketed yet, as ownership has prioritized the sale. Sellers will consider owner financing, please call for more information.

FOR SALE DETAILS

PRICE

$189,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panther Self-Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,000 SF

ZONING

Commercial

APN/PARCEL ID

823978

ASK ABOUT THIS PROPERTY

Noel CobbBertholf Commercial Real EstateMore Info
903-818-7946

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Noel CobbBertholf Commercial Real EstateMore Info
903-818-7946

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.