Self-Storage Facility
Action Self Storage
1624 Morgan Boulevard, Harlingen, TX 78550
Listing Price: $2,800,000
Cap Rate
7.00%
Number of Units
371
Occupancy
84.0%
Rentable SF
50,740
Price/Rentable SF
$55.18
Year Built
1984
Investment Overview
Marcus and Millichap is pleased to offer the sale of Action Self Storage in Harlingen, TX. This investment includes 371 non climate units totaling 50,740 NRSF. This value add opportunity has upside through revenue managment and expansion.
Investment Highlights
- 7.78 SF Per Person (3-Mile Saturation)
- $52,913 Median Household Income
- 7,150 VPD
- Located in Opportunity Zone
- 49% Renter Occupied Households
- 13% Projected Income Growth
Listing Price: $2,800,000
Cap Rate
7.00%
Number of Units
371
Occupancy
84.0%
Rentable SF
50,740
Price/Rentable SF
$55.18
Year Built
1984
Investment Highlights
- 7.78 SF Per Person (3-Mile Saturation)
- $52,913 Median Household Income
- 7,150 VPD
- Located in Opportunity Zone
- 49% Renter Occupied Households
- 13% Projected Income Growth
Investment Overview
Marcus and Millichap is pleased to offer the sale of Action Self Storage in Harlingen, TX. This investment includes 371 non climate units totaling 50,740 NRSF. This value add opportunity has upside through revenue managment and expansion.