Investment Overview

A-American Self Storage is a 19,900 rentable-square foot self-storage facility resting on approximately 1.26 acres in Sherman, Texas – just north of the Dallas / Fort Worth Metroplex. Built in 1970, the property consists of 197 non-climate drive up units and features garage-style roll up doors, on-site manager’s residence and office, personalized key-pad gated entry, perimeter fencing and lighting, concrete block construction, and paved driveways. The property has demonstrated high occupancy levels historically, due in large part to its strategic location in one of Sherman’s primary retail corridors off of Texoma Parkway, which sees almost 12,000 vehicles per day. Additionally, the facility’s location has made A-American the premier U-Haul dealer in the submarket, as the property enjoys significant ancillary income from truck and trailer rentals. The current owners are not very engaged in the facility’s day-to-day operations, as the on-site manager has the leeway to operate the property as he sees fit for the most part. A more heavily involved owner / operator could easily bring the facility to 21st century standards in terms of online presence, revenue management, and other modern operational strategies that could all help increase facility revenue. Offered for $2,000,000, a new investor will be purchasing the property for a broker-adjusted 6.46 percent end of year one cap rate. Additionally, owner-financing is available for a well-qualified buyer at the terms stated on page 9.