4600 I-30 Frontage Rd - Self-Storage Facilities FOR SALE
Rockwall, TX 75087 |
4600 I-30 Frontage Rd
Rockwall, TX 75087
HIGHLIGHTS
- *** Excellent location on IH-30 East Frontage Road in Fate/Rockwall, Texas
- ***Very Unique Add-Value Investment Opportunity
- ***Projected Cap Rate can be as high as 12% to 14%
- ***Effective current economic and physical occupancy is reported by Seller as ~ 32.5% - 35% (extremely below market average) and JUST found out there
- ***Last overall rent increase went into effect as of August 2016 (Rents are below market too)
- ***OFFERED BELOW EXISTING COMPARABLE SOLD LAND ACREAGE IN PROXIMITY***Sold for 1.801M two parcels over
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Lock and Leave Self Storage - Fate, Texas
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
ADD'L SUBTYPES
Parking Lot
TOTAL BUILDING SIZE
14600
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
2 AC AC
LAND SF
87,120 SF
ZONING
-
APN/PARCEL ID
47978
