410 Farm to Market Road 17 - Self-Storage Facilities FOR SALE


Alba, TX 75410
$650,000 USD
817-932-6100
410 Farm to Market Road 17, Alba, TX for Sale
$650,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | 8.36% Cap Rate

410 Farm to Market Road 17
Alba, TX 75410


HIGHLIGHTS

  • Only $33.28 per Rentable-Square Foot - Below Replacement Cost
  • Expansion Potential of 10-20 Units
  • Unleveraged Pro Forma Returns Projected Above 9 Percent
  • Remotely Managed by Owner

OVERVIEW

Texas Lake Storage is a 19,530 rentable-square-foot facility located in Alba, Texas. The property sits on two separate parcels that total approximately 2.31 acres and consists of four single-story buildings that house 66 non-climate drive-up units. Built in 2000 then expanded upon in 2006, the facility features garage-style roll-up doors, interior lighting, perimeter fencing, personalized keypad entry, and 24-hour video surveillance. Additionally, Texas Lake Storage is strategically located a quarter-mile north of Highway 66, which sees over 6,500 vehicles each day.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Lake Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

-

APN/PARCEL ID

R121526,R70261

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

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