2564 N Marco Ave - Self-Storage Facilities FOR SALE


Odessa, TX 79762
$1,650,000 USD
405-470-1508
2564 N Marco Ave, Odessa, TX for Sale
$1,650,000 USD
Self-Storage Facilities - FOR SALE
1/12
null | Request Cap Rate

2564 N Marco Ave
Odessa, TX 79762


HIGHLIGHTS

  • Fully renovated facility with room to grow
  • Priced at $54/SF, below replacement cost
  • Remotely managed facility

OVERVIEW

SHIFT Storage Odessa is a 164-unit, 30,570 NRSF self-storage facility on 1.607 acres allowing for room to add an additional 4,000 NRSF. Current owner turned this property around and it is now ready for new owner to continue to add value through raise rents and increased occupancy. Property has new gates, access control, security cameras, paint, extra lighting and is currently 78% occupied. True 7% cap rate based on July's rents and stabilized expenses. Next 12 months proforma NOI is $143,000 which is a 8.7% cap rate. Extensively renovated in 2024 under current ownership, the facility features OpenTech electronic keypad-controlled gated entry, a fully fenced perimeter, and bright LED lighting throughout. The unit mix ranges from 10'x15' to 10'x40', serving both traditional self-storage tenants and contractor, oil field, and small-business users. Thirteen uncovered parking spaces accommodate vehicles, RVs, and boats. An on-site apartment with a separate connected office allows an owner or manager to live on the property. Operations run on Cubby Self Storage Software with online rentals, payments, and real-time occupancy reporting.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SHIFT Self Storage - Odessa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

EF6

APN/PARCEL ID

18100-00060-00000

ASK ABOUT THIS PROPERTY

Dusty BurchfieldBurchfield Commercial RealtyMore Info
405-470-1508

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Dusty BurchfieldBurchfield Commercial RealtyMore Info
405-470-1508

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