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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

Exclusively Listed By

Financing By

Self-Storage Facility

The Storage Place - North 1st St.

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.

Exclusively Listed By

Financing By

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