Self-Storage Facility
The Storage Place - North 1st St.
1930 N 1st St, Merkel, TX 79536
Listing Price: $400,000
Cap Rate
8.21%
Number of Units
60
Occupancy
85.0%
Rentable SF
6,000
Price/Rentable SF
$66.67
Year Built
2002
Investment Overview
The Storage Place – North 1st Street is a self-storage facility located in Merkel, Texas. The location encompasses 6,000 rentable-square feet of storage spread across 55 non-climate drive-up units and 5 uncovered parking spaces.
Investment Highlights
- Stabilized Cash Flow – 94 Percent Physical Occupancy
- Opportunity for Expansion
- Infrastructure in Place for Remote-Management
Listing Price: $400,000
Cap Rate
8.21%
Number of Units
60
Occupancy
85.0%
Rentable SF
6,000
Price/Rentable SF
$66.67
Year Built
2002
Investment Highlights
- Stabilized Cash Flow – 94 Percent Physical Occupancy
- Opportunity for Expansion
- Infrastructure in Place for Remote-Management
Investment Overview
The Storage Place – North 1st Street is a self-storage facility located in Merkel, Texas. The location encompasses 6,000 rentable-square feet of storage spread across 55 non-climate drive-up units and 5 uncovered parking spaces.