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32213192
32213193

2407 W Frank Ave, Lufkin, TX 75904

BB
TX 575641, TX
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
Listed by VERSAL - Bellomy
$730,000
421 days on market
Updated 37 days ago

Lufkin Self Storage

Details
APN 11727
Property Type Self Storage
Sub Type Commercial
Square Footage 17,100
Units 121
NOI $48,411
Occupancy 51%
Pro-Forma NOI $87,548
Year Built 1984
Buildings 2
Acreage 1.750
Parking Spaces 1 spaces
Parking Per SqFt 0.06

Self Storage | 121 Units

Marketing description

Lufkin Self Storage is located in Lufkin, Texas, the county seat and largest city of Angelina County.

The property features a total of 121 non-climate units encompassing 17,100 NRSF. There is also one uncovered parking space. The facility has a square footage occupancy of 51% and is being remotely managed by the owner. Construction highlights include concrete drives and perimeter fencing.

The property has frontage on TX-94 and is under a mile away from major retailers like Chick-fil-A, McDonald’s, and Jack in the Box. It is also 2.1 miles from downtown Lufkin and is roughly a two-hour drive from Houston or Beaumont.

A five-mile radius around the property includes a population of 49,697 with an average household income of $86,616.

Lufkin Self Storage is being offered for sale at $785,000.

Investment highlights

  • $785,000
  • 121 NC Units
  • 17,100 NRSF
  • Concrete Drives
  • Perimeter Fencing
  • Remote Management
  • Lufkin, TX
  • 49,697 Population Within 5 Miles
  • $86,616 Average Household Income Within 5 Miles
  • Frontage on TX-94
  • Under 1 Mile from Chick-fil-A, McDonald’s, Jack in the Box
  • 2.1 Miles from Downtown Lufkin

Listing Contacts

BB
TX 575641, TX
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
Listed by VERSAL - Bellomy

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,411.00
$4,034.25/mo

Valuation Metrics

0
DSCR
6.63%
Cap Rate
6.63%
ROI

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