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Self-Storage Facility

Legacy Storage Portfolio

3102 S McColl Rd, Edinburg, TX 78539

Listing Price: $24,000,000

Cap Rate
5.50%
Number of Units
2,832
Occupancy
89.0%
Gross SF
350,654
Rentable SF
350,654
Price/Rentable SF
$68.44
Year Built
1974

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Legacy Storage Portfolio spanning 6 states (GA, OH, MI, NM, TX, LA). This portfolio consists of eight facilities totaling 2837 units and 350,654 NRSF with a mix of non-climate controlled units, climate-controlled units, parking, and office. All facilities are fully fenced, have controlled gate access, video surveillance, and an onsite office. This is a value-add investment opportunity with upside through revenue management and expansion potential at 6 of the 8 sites. The new owner will have the option to assume an existing CMBS loan with favorable terms.

Investment Highlights

  • 8 Property Portfolio Spanning 6 States
  • 89% Physically Occupied Across 350,654 NRSF
  • Upside Through Revenue Management (68% Eco Occ)
  • Over 123,000 Average Population (5-Mile Radius)
  • Expansion Potential at 6 of the 8 Properties
  • 5.96 to 12.95 Saturation Range (5-Mile Radius)

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

Legacy Storage Portfolio

Listing Price: $24,000,000

Cap Rate
5.50%
Number of Units
2,832
Occupancy
89.0%
Gross SF
350,654
Rentable SF
350,654
Price/Rentable SF
$68.44
Year Built
1974

Investment Highlights

  • 8 Property Portfolio Spanning 6 States
  • 89% Physically Occupied Across 350,654 NRSF
  • Upside Through Revenue Management (68% Eco Occ)
  • Over 123,000 Average Population (5-Mile Radius)
  • Expansion Potential at 6 of the 8 Properties
  • 5.96 to 12.95 Saturation Range (5-Mile Radius)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Legacy Storage Portfolio spanning 6 states (GA, OH, MI, NM, TX, LA). This portfolio consists of eight facilities totaling 2837 units and 350,654 NRSF with a mix of non-climate controlled units, climate-controlled units, parking, and office. All facilities are fully fenced, have controlled gate access, video surveillance, and an onsite office. This is a value-add investment opportunity with upside through revenue management and expansion potential at 6 of the 8 sites. The new owner will have the option to assume an existing CMBS loan with favorable terms.

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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