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Self-Storage Facility

Camp Lane Storage

5411 Camp Ln, Amarillo, TX 79110

Listing Price: $1,045,000

Cap Rate
5.92%
Number of Units
197
Occupancy
87.0%
Rentable SF
24,440
Price/Rentable SF
$42.76
Year Built
1994

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Camp Lane Self Storage in Amarillo, TX. Consisting of 24,440 net rentable square feet on 1.69 acres, the facility maintains 177 non-climate controlled units ranging from 40 square feet to 250 square feet and 20 parking spaces. Self-storage units are ground floor with easy drive-up access with asphalt and concrete paves surfaces. The facility has a perimeter fencing, gated entry and video surveillance system. Camp Lane Self Storage sustains 87 percent physical occupancy and below market rental rates, allowing an investor to benefit from continuation of lease-up activity with rental rate growth across multiple unit types and sizes. A 1.08-acre (47,044.80 square feet) parcel adjacent to the property is available by an outside agent that would offer expansion opportunity. The adjacent parcel has two entrances on the north and west side providing easy access from I-27. Camp Lane Self Storage is located in Amarillo, TX the county seat of Potter County. Amarillo is the 14th-most populous city in Texas and the largest city in the Texas Panhandle. The facility is conveniently located by Interstate 27 inside the 335 Loop and offers excellent visibility from Interstate 27 with an average daily traffic count of 42,948. There are over 49,500 single family and multi-family properties within a five-mile radius of the facility. The estimated population near the facility is over 117,000 and 266,000 in the Amarillo metropolitan in 2021. Amarillo's major employers include agriculture and energy industries. Amarillo is in the heart of cattle country and a major transportation hub in the Texas Panhandle. Amarillo’s established employers include the agriculture and energy industries, but today it boasts a well-balanced economy featuring manufacturing, health care and customer service call centers.

Investment Highlights

  • Value Add Opportunity With Below Market Rents and Occupancy
  • 1.69 Acres with 197 Units
  • 177 Non-Climate Controlled Units and 20 Non-Covered Parking Spaces

Exclusively Listed By

Self-Storage Facility

Camp Lane Storage

Listing Price: $1,045,000

Cap Rate
5.92%
Number of Units
197
Occupancy
87.0%
Rentable SF
24,440
Price/Rentable SF
$42.76
Year Built
1994

Investment Highlights

  • Value Add Opportunity With Below Market Rents and Occupancy
  • 1.69 Acres with 197 Units
  • 177 Non-Climate Controlled Units and 20 Non-Covered Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Camp Lane Self Storage in Amarillo, TX. Consisting of 24,440 net rentable square feet on 1.69 acres, the facility maintains 177 non-climate controlled units ranging from 40 square feet to 250 square feet and 20 parking spaces. Self-storage units are ground floor with easy drive-up access with asphalt and concrete paves surfaces. The facility has a perimeter fencing, gated entry and video surveillance system. Camp Lane Self Storage sustains 87 percent physical occupancy and below market rental rates, allowing an investor to benefit from continuation of lease-up activity with rental rate growth across multiple unit types and sizes. A 1.08-acre (47,044.80 square feet) parcel adjacent to the property is available by an outside agent that would offer expansion opportunity. The adjacent parcel has two entrances on the north and west side providing easy access from I-27. Camp Lane Self Storage is located in Amarillo, TX the county seat of Potter County. Amarillo is the 14th-most populous city in Texas and the largest city in the Texas Panhandle. The facility is conveniently located by Interstate 27 inside the 335 Loop and offers excellent visibility from Interstate 27 with an average daily traffic count of 42,948. There are over 49,500 single family and multi-family properties within a five-mile radius of the facility. The estimated population near the facility is over 117,000 and 266,000 in the Amarillo metropolitan in 2021. Amarillo's major employers include agriculture and energy industries. Amarillo is in the heart of cattle country and a major transportation hub in the Texas Panhandle. Amarillo’s established employers include the agriculture and energy industries, but today it boasts a well-balanced economy featuring manufacturing, health care and customer service call centers.

Exclusively Listed By

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