118 US Hwy 69 hwy - Specialty FOR SALE


Point, TX 75472
$977,000 USD
586-615-0101
118 US Hwy 69 hwy, Point, TX for Sale
$977,000 USD
Specialty - FOR SALE
1/5
null | 7.03% Cap Rate

118 US Hwy 69 hwy
Point, TX 75472


OVERVIEW

Please direct all inquiries to Danielle Moore at 586.354.4433 This stabilized facility is 95% occupied, with expansion potential, and flexible second position seller financing with an interest rate as low as 4%—a rare combination in today’s market, yielding a high cash on cash return with low down payment! ?? Gross Potential Income: $95,663 Currently 95% occupied with $90,880 gross income! ?? Size: 8.99 acres (with 6 acres of undeveloped land!) ?? Units: 78 storage units ?? Occupancy: This asset is now stabilized at 95% occupancy. The current ownership has leased up the property and made significant improvements to the property. ?? Value-Add Features:  Brand new security gate with controlled access Recently remodeled on-site 1-bedroom office Low-maintenance & high-yield investment Expansion-ready – develop additional units Highway Frontage | Great Visibility This is an excellent chance to acquire a low-maintenance, cash-flowing facility with significant value-add and expansion potential!

FOR SALE DETAILS

PRICE

$977,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

To The Point Self-Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.04 AC

LAND SF

393,603 SF

ZONING

-

APN/PARCEL ID

R5908

ASK ABOUT THIS PROPERTY

Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

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Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

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