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Self-Storage Facility

Advantage Storage 5 Property Portfolio

8213 S Soncy Rd, Amarillo, TX 79119

Listing Price: $47,000,000

Cap Rate
3.08%
Number of Units
2,229
Occupancy
68.0%
Gross SF
389,130
Rentable SF
389,130
Price/Rentable SF
$120.78
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Advantage Storage Portfolio located in Texas, New Mexico, and Oklahoma. The five-property portfolio is positioned for continued growth with a “pre-expansion” current occupancy of 80 percent. The 389,130 NRSF includes the Amarillo expansion just delivered in late April 2022, doubling that facility’s size and providing both large shop space and enclosed boat/RV that doesn’t exist in the market. It also includes the upcoming enclosed boat/RV expansions in Lubbock and Hobbs, scheduled to start Fall 2022. The portfolio features 2,229 climate controlled, non-climate-controlled, dust-controlled, covered parking, and uncovered parking units totaling at 389,130 net rentable square feet. Advantage Storage Portfolio sits on 27.69 acres of land and is located in growing markets.

Investment Highlights

  • Texas, New Mexico, and Oklahoma Self-Storage Portfolio
  • 389,130 Net Rentable Square Feet
  • 2,229 Total Combined Units
  • Lubbock Location is Located Under 3 Miles from Texas Tech University
  • Every Market has Grown in Population by at Least 16.5 Percent Since 2000

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Self-Storage Facility

Advantage Storage 5 Property Portfolio

Listing Price: $47,000,000

Cap Rate
3.08%
Number of Units
2,229
Occupancy
68.0%
Gross SF
389,130
Rentable SF
389,130
Price/Rentable SF
$120.78
Year Built
2012

Investment Highlights

  • Texas, New Mexico, and Oklahoma Self-Storage Portfolio
  • 389,130 Net Rentable Square Feet
  • 2,229 Total Combined Units
  • Lubbock Location is Located Under 3 Miles from Texas Tech University
  • Every Market has Grown in Population by at Least 16.5 Percent Since 2000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Advantage Storage Portfolio located in Texas, New Mexico, and Oklahoma. The five-property portfolio is positioned for continued growth with a “pre-expansion” current occupancy of 80 percent. The 389,130 NRSF includes the Amarillo expansion just delivered in late April 2022, doubling that facility’s size and providing both large shop space and enclosed boat/RV that doesn’t exist in the market. It also includes the upcoming enclosed boat/RV expansions in Lubbock and Hobbs, scheduled to start Fall 2022. The portfolio features 2,229 climate controlled, non-climate-controlled, dust-controlled, covered parking, and uncovered parking units totaling at 389,130 net rentable square feet. Advantage Storage Portfolio sits on 27.69 acres of land and is located in growing markets.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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