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31801795
31801794

3630 Medina Hwy, Kerrville, TX 78028

BB
TX 575641, TX
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
VERSAL - Bellomy
Listed by VERSAL - Bellomy
$3,700,000
42 days on market
Updated 7 days ago

Mount Storage - Kerrville

Details
APN 37525
Property Type Retail, Self Storage
Sub Type Commercial
Square Footage 36,600
Net Rentable (SqFt) 36,600
Units 198
NOI $210,655
Occupancy 81%
Pro-Forma NOI $263,766
Price per SqFt $101
Year Built 1999, 2003, 2004
Buildings 6
Acreage 5.150
Parking Spaces 18 spaces
Parking Per SqFt 0.49
Investment Type Value Add

3630 Medina Hwy, Kerrville, TX 78028

Marketing description

Mount Storage is located in Kerrville, Texas. Kerrville is west of Austin and San Antonio in the Texas Hill Country. Kerrville is home to the Kerrville Folk Festival, an annual three-week week event that brings roughly 30,000 people to the area.

The property features 198 non-climate units for a total of 36,600 NRSF. It also includes 18 uncovered parking spaces. The average unit size is 185 NRSF. The facility is currently 81% occupied.

The property has frontage along Highway 16 with great visibility and traffic. It is also only 6.5 miles from downtown Kerrville, and a roughly one-hour drive from San Antonio. A 5-mile radius around the property includes a population of 8,106 with an average household income of $110,049.

Construction highlights include metal and steel construction, gravel drives, and perimeter fencing. The property also includes additional expansion land at the front and rear of the site.

Mount Storage is being listed for sale at $3,700,000 ($101/NRSF).

Investment highlights

  • $3,700,000
  • $101/NRSF
  • 198 NC Units
  • 36,600 NRSF
  • 81% Occupancy
  • Perimeter Fencing
  • Expansion Opportunity
  • Kerrville, TX
  • 8,106 Population Within 5 Miles
  • $110,049 Average Household Income Within 5 Miles
  • Highway 16 Frontage
  • 6.5 Miles from Downtown Kerrville
  • 1 Hour from San Antonio

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,655.00
$17,554.58/mo

Valuation Metrics

0
DSCR
5.69%
Cap Rate
5.69%
ROI

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