Listed by Funk Group
$2,000,000
Baytown Boat & RV Storage
Details
Property Type Business for Sale, Self Storage
Sub Type Business and Building
Square Footage 18,500
Net Rentable (SqFt) 18,500
Units 238
Cap Rate 6.65%
NOI $133,000
Occupancy 83%
Tenancy Multi
Pro-Forma Cap Rate 8.6%
Pro-Forma NOI $172,000
Class A
Year Built 2022
Buildings 2
Stories 1
Acreage 5.400
Zoning MU
Parking Spaces 238 spaces
Parking Per SqFt 12.86
Investment Type Owner/User
Occupancy Date 06/01/2025
Ground Lease No
Ceiling Height 0
Ownership Fee Simple
Sale Condition For sale by owner
Existing Boat & RV Property & Business For Sale
Marketing description
Built in 2022, this is an operating and growing investment with considerable year over year increases in revenue and occupancy. Additional covered spaces could be converted to increase the top-line potential revenue
Investment highlights
Built in 2022, this is an operating and growing investment with considerable year over year increases in revenue and occupancy. Additional covered spaces could be converted to increase the top-line potential revenue
Listing Contacts
Listed by Funk Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,000.00
$11,083.33/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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