Listed by ParaSell Inc, Superior Capital Advisors
$4,950,000
Good Self Storage
Details
Property Type Retail, Self Storage
Square Footage 43,150
Net Rentable (SqFt) 43,150
Units 1
Cap Rate 6.05%
NOI $299,248
Occupancy 88%
Price per SqFt $115
Class B
Buildings 6
Ground Lease No
Good Self Storage | Cleveland, TX | 43,150 NRSF | 292 Total Units | Storage and Retail
Investment highlights
Investment Highlights
- The property features approximately 43,150 NRSF excluding open parking, including 33,550 NRSF of self-storage space and 9,600 NRSF of retail space across 292 total units consisting of climate- controlled, non-climate, parking, and retail suites.
- The storage facility is approximately 85% physically occupied, while 7 of the 8 retail suites are currently leased, providing stable in-place income with additional lease-up potential.
- The property offers additional upside through ancillary income opportunities such as tenant insurance, admin fees, and continued occupancy growth.
- One climate-controlled building is currently being operated as non- climate storage despite being built for climate use, allowing new ownership to potentially increase rental rates through operational conversion.
- The facility is a newer facility and has been well maintained so less capex will be required from new ownership
- Strategically located along State Highway 321 with strong visibility and traffic exposure
Listing Contacts
Listed by ParaSell Inc, Superior Capital Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,248.00
$24,937.33/mo
Valuation Metrics
0
DSCR
6.05%
Cap Rate
6.05%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
