Listed by VERSAL - Bellomy
$550,000
All Weather Self Storage
Details
APN 8907
Property Type Self Storage
Sub Type Commercial
Net Rentable (SqFt) 11,086
Units 55
NOI $42,793
Occupancy 68%
Price per SqFt $50
Year Built 1964
Year Renovated 2022
Buildings 1
Acreage 1.550
Parking Spaces 5 spaces
Self Storage | 55 Units
Marketing description
All Weather Self Storage is located in Pampa, Texas. Pampa is roughly one hour northeast of Amarillo in the Texas panhandle.
The property was converted to storage in 2022 and features 49 climate-controlled units, 6 non-climate drive-up units, and 12 indoor parking spaces for a total of 11,086 NRSF. The facility is currently in lease up and is 68% occupied. The average climate-controlled unit size is 165 NRSF.
All Weather Self Storage is located only 0.5 miles from State Highway 70. It is also within 1.8 miles of major retailers like Walmart, Hobby Lobby, and Tractor Supply Co. The property is 54 miles from downtown Amarillo, making it a great portfolio addition for owners in this area. A 5-mile radius around the property includes a population of 18,580 with an average household income of $80,188
Construction highlights include metal and steel construction, a large parking lot in front of the property, and drive-in access to interior climate-controlled units.
All Weather Self Storage is being offered for sale at $550,000 ($50/NRSF).
Investment highlights
- Pampa, TX
- 18,580 Population Within 5 Miles
- $80,188 Average Household Income Within 5 Miles
- 0.5 Miles from State Highway 70
- 1.8 Miles from Major Retailers (Walmart, Hobby Lobby, Tractor Supply Co)
- 54 Miles from Amarillo
- $550,000
- $50/NRSF
- 49 CC, 6 Drive-Up, 12 Indoor Parking
- Converted in 2022
- Drive-In Access to Interior Units
- Asphalt Parking Lot
Listing Contacts
Listed by VERSAL - Bellomy
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,793.00
$3,566.08/mo
Valuation Metrics
0
DSCR
7.78%
Cap Rate
7.78%
ROI
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