Listed by VERSAL - Bellomy
$1,200,000
Lifesmart Storage
Details
APN 8074
Property Type Self Storage
Square Footage 9,300
Units 93
NOI $54,743
Occupancy 95%
Pro-Forma NOI $87,578
Year Built 1984
Buildings 3
Acreage 0.530
Parking Spaces 2 spaces
Parking Per SqFt 0.22
Self Storage | 93 Units
Marketing description
LifeSmart Storage is located in The Colony, Texas, just west of Plano and north of Dallas,
The property features a total of 91 non-climate units and 2 uncovered parking spaces for a total of 9,300 NRSF. The average unit size is 102 NRSF, and the current physical occupancy is 94%.
The facility is well located, with 216,716 people living within a 5-mile radius with an average household income of $162,884. The market currently has 8.8 NRSF per capita within 5 miles. The property is located within 2.3 miles of Sam Rayburn Tollway, 2.5 miles of major retail including Walmart, Chick-fil-A, and Target, and 4.3 miles of Stonebriar mall.
Construction highlights include concrete drives, metal and steel construction, and an on-site office.
LifeSmart Storage is being offered for sale at $1,200,000
Investment highlights
- The Colony, TX (Dallas - Fort Worth MSA)
- 216,716 Population Within 5 Miles
- $162,884 Average Household Income Within 5 Miles
- 2.3 Miles from Sam Rayburn Tollway
- 2.5 Miles from Walmart, Chick-fil-A, Target
- 4.3 Miles from Stonebriar Mall
- 91 NC Units, 2 Parking
- 9,300 NRSF
- 95% Occupancy
- Concrete Drives
- On-Site Office
Listing Contacts
Listed by VERSAL - Bellomy
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$54,743.00
$4,561.92/mo
Valuation Metrics
0
DSCR
4.56%
Cap Rate
4.56%
ROI
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