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Self-Storage Facility

A RV Storage

1426 FM917, Joshua, TX 76058

Listing Price: $1,300,000

Cap Rate
5.61%
Number of Units
100
Occupancy
90.0%
Gross SF
45,072
Rentable SF
45,072
Price/Rentable SF
$28.84
Year Built
2012

Investment Overview

A RV Storage is a 45,072 rentable-square foot boat and RV storage facility resting on approximately 4.18 acres in Joshua, Texas – just ten miles south of Fort Worth. The facility is comprised of 95 covered boat/RV units, four uncovered parking spaces, and a rental house. Built in 2012, the facility features a personalized key-pad gate, perimeter fencing and lighting, wide driveways suitable for large recreational vehicles, and excellent accessibility from FM 917. Additionally, the facility benefits from its strategic location less than three-fourths of a mile away from the Chisholm Trail Parkway – a 27.6-mile-long toll road that connects downtown Fort Worth to the city of Cleburne. The Chisholm Trail Parkway is one of the most significant infrastructure programs in the history of the Dallas Fort Worth Metroplex. As early as the 1970’s civic leaders and government officials knew that a major thoroughfare cutting a swath from downtown Fort Worth into the southwest portion of Tarrant County would be required in order to facilitate the anticipated growth of the metro’s population. As predicted, realized population growth did in fact necessitate the final implementation of the toll road in May of 2014 which subsequently opened the door for countless residential and commercial development projects in the area. To be sure, the population within a 5-mile radius surrounding A RV Storage has grown approximately 65 percent since 2010. Offered for $1,300,000, a new investor will be purchasing the stabilized facility at replacement cost - $28.84 per rentable-square foot – for a 5.61 percent year one cap rate. Additionally, pro forma returns approaching seven percent are achievable through systematic rental rate increase. Both the demographic trends associated with the submarket as well as the competitor rates suggest a new operator will be able to easily increase rental rates well into the future.

Investment Highlights

  • 96 Percent Physical Occupancy - Stabilized Cash Flow
  • Rental Rates Significantly below Submarket Averages
  • Excellent Visibility and Accessibility on FM 917

Exclusively Listed By

Financing By

Self-Storage Facility

A RV Storage

Listing Price: $1,300,000

Cap Rate
5.61%
Number of Units
100
Occupancy
90.0%
Gross SF
45,072
Rentable SF
45,072
Price/Rentable SF
$28.84
Year Built
2012

Investment Highlights

  • 96 Percent Physical Occupancy - Stabilized Cash Flow
  • Rental Rates Significantly below Submarket Averages
  • Excellent Visibility and Accessibility on FM 917

Investment Overview

A RV Storage is a 45,072 rentable-square foot boat and RV storage facility resting on approximately 4.18 acres in Joshua, Texas – just ten miles south of Fort Worth. The facility is comprised of 95 covered boat/RV units, four uncovered parking spaces, and a rental house. Built in 2012, the facility features a personalized key-pad gate, perimeter fencing and lighting, wide driveways suitable for large recreational vehicles, and excellent accessibility from FM 917. Additionally, the facility benefits from its strategic location less than three-fourths of a mile away from the Chisholm Trail Parkway – a 27.6-mile-long toll road that connects downtown Fort Worth to the city of Cleburne. The Chisholm Trail Parkway is one of the most significant infrastructure programs in the history of the Dallas Fort Worth Metroplex. As early as the 1970’s civic leaders and government officials knew that a major thoroughfare cutting a swath from downtown Fort Worth into the southwest portion of Tarrant County would be required in order to facilitate the anticipated growth of the metro’s population. As predicted, realized population growth did in fact necessitate the final implementation of the toll road in May of 2014 which subsequently opened the door for countless residential and commercial development projects in the area. To be sure, the population within a 5-mile radius surrounding A RV Storage has grown approximately 65 percent since 2010. Offered for $1,300,000, a new investor will be purchasing the stabilized facility at replacement cost - $28.84 per rentable-square foot – for a 5.61 percent year one cap rate. Additionally, pro forma returns approaching seven percent are achievable through systematic rental rate increase. Both the demographic trends associated with the submarket as well as the competitor rates suggest a new operator will be able to easily increase rental rates well into the future.

Exclusively Listed By

Financing By

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