Self-Storage Facility
Storage Plus of Coleman Portfolio
10121 US-283, Coleman, TX 76834
Listing Price: $2,350,000
Investment Overview
Storage Plus of Coleman is a five property self-storage portfolio in
Santa Anna and Coleman, Texas. At their farthest point, the
properties are within 12 miles of each other with four of the five
being within five miles of one another. The portfolio consists of 404
units that add up to 57,912 net rentable square feet. The properties
have various amenities such as security lighting and video
surveillance throughout all the assets. There are roll-up doors, and
a mix of concrete, asphalt, and rock parking surfaces. The 10121
Highway 84 location features a security gate with key code access
while the Santa Anna Avenue property has an onsite office that’s the
hub for all five facilities.
Storage Plus of Coleman Portfolio
Investment Highlights
- • FIVE PROPERTY, CLOSE PROXIMITY PORTFOLIO // All assets within a 12-mile radius, with four clustered within five miles, enabling efficient management and operational scale.
- • ATTRACTIVE IN PLACE FINANCIALS // Operations are producing a 6.4 percent+ cap rate at a cost basis under $41/NRSF, indicating strong value relative to replacement cost.
- • COMPELLING MEDIUM TERM VALUE CREATION // Achieving $0.61 rent per NRSF and exiting at a 6.75 percent cap rate within 60 months supports a leveraged IRR approaching 24 percent.
Exclusively Listed By
Listing Price: $2,350,000
Investment Highlights
- • FIVE PROPERTY, CLOSE PROXIMITY PORTFOLIO // All assets within a 12-mile radius, with four clustered within five miles, enabling efficient management and operational scale.
- • ATTRACTIVE IN PLACE FINANCIALS // Operations are producing a 6.4 percent+ cap rate at a cost basis under $41/NRSF, indicating strong value relative to replacement cost.
- • COMPELLING MEDIUM TERM VALUE CREATION // Achieving $0.61 rent per NRSF and exiting at a 6.75 percent cap rate within 60 months supports a leveraged IRR approaching 24 percent.
Investment Overview
Storage Plus of Coleman is a five property self-storage portfolio in Santa Anna and Coleman, Texas. At their farthest point, the properties are within 12 miles of each other with four of the five being within five miles of one another. The portfolio consists of 404 units that add up to 57,912 net rentable square feet. The properties have various amenities such as security lighting and video surveillance throughout all the assets. There are roll-up doors, and a mix of concrete, asphalt, and rock parking surfaces. The 10121 Highway 84 location features a security gate with key code access while the Santa Anna Avenue property has an onsite office that’s the hub for all five facilities.
Exclusively Listed By
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