Texas Self Storage Portfolio For Sale, Southwest Region

Property Description

Texas Self Storage Portfolio For Sale

Located in one of the Top 3 largest cities in Texas.

This is an off-market, confidential golden opportunity for serious storage buyers in the market.

Two beautiful storage facilities.

Both of these facilities are currently in lease up (economic occupancy will only grow). In addition, the owner is currently building 2 additional facilities - a potential opportunity for a buyer to build a substantial storage portfolio.

$19 mm for the pair.

Owner will consider all offers.

Priced Net To Owner. Buyer responsible for 4.00% commission.

Report Date: March 24, 2020
Combined (Storage Facility #1 + Storage Facility #2):
Total Sq Ft: 139,500
Rentable Sq Ft: 135,250
Rented Sq Ft: 76,275
Space Move-Ins on Report Date: 1
Space Move-Outs on Report Date: 3
Parking Move-Ins on Report Date: 0
Parking Move-Outs on Report Date: 0
Transfers on Report Date: 0
Climate Controlled Units: 940
Other Units: 125
Total Units: 1,065
Damaged Units: 36
Total Units Currently Rented: 670
% Units Occupied: 62.9%
% Sq Ft Occupied: 54.7%
Rented Sq Ft Change Since Yesterday: -25
Month to Date Net Revenue: $68,801.35
Annual Occupancy $ Per Sq Ft: $12.67
Month to Date Move-Ins: 74
Month to Date Move-Outs: 59
Month to Date Net Move-Ins: 15

Report Date: March 24, 2020
Storage Facility #1:
Total Sq Ft: 62,475
Rentable Sq Ft: 61,255
Rented Sq Ft: 36,975
Space Move-Ins on Report Date: 0
Space Move-Outs on Report Date: 2
Parking Move-Ins on Report Date: 0
Parking Move-Outs on Report Date: 0
Transfers on Report Date: 0
Climate Controlled Units: 481
Other Units: 10
Total Units: 491
Damaged Units: 12
Total Units Currently Rented: 320
% Units Occupied: 65.2%
% Sq Ft Occupied: 59.2%
Rented Sq Ft Change Since Yesterday: -175
Month to Date Net Revenue: $33,497.57
Annual Occupancy $ Per Sq Ft: $11.83
Month to Date Move-Ins: 35
Month to Date Move-Outs: 23
Month to Date Net Move-Ins: 12

Report Date: March 24, 2020
Storage Facility #2:
Total Sq Ft: 77,025
Rentable Sq Ft: 74,025
Rented Sq Ft: 39,300
Space Move-Ins on Report Date: 1
Space Move-Outs on Report Date: 1
Parking Move-Ins on Report Date: 0
Parking Move-Outs on Report Date: 0
Transfers on Report Date: 0
Dry Spaces: 115 units
Climate Controlled: 459 units
Total Units: 574
Damaged Units: 24
Total Units Currently Rented: 350
% Units Occupied: 61.0%
% Sq Ft Occupied: 51.0%
Rented Sq Ft Change Since Yesterday: -50
Month to Date Net Revenue: $35,303.78
Annual Occupancy $ Per Sq Ft: $13.46
Month to Date Move-Ins: 39
Month to Date Move-Outs: 39
Month to Date Net Move-Ins: 3

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