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33899177
33899176

3521 Elm Grove Rd, Rowlett, TX 75089

BB
TX 575641, TX
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
Listed by VERSAL - Bellomy
$6,000,000
16 days on market
Updated 13 days ago

Lakeside Storage

Details
APN 871135100A0010000,87113520000020000,87113520000010000,65043736810150300
Property Type Self Storage
Sub Type Climate Controlled, Non-Climate Controlled (+1)
Square Footage 49,539
Units 268
NOI $302,394
Occupancy 90%
Pro-Forma NOI $401,499
Year Built 2016
Year Renovated 2018
Buildings 15
Acreage 3.160
Parking Spaces 14 spaces
Parking per 1,000 SqFt 0.28

3521 Elm Grove Rd, Rowlett, TX 75089

Marketing description

Lakeside Storage is located in Rowlett, Texas in the northeastern corner of the Dallas - Fort Worth Metroplex near Garland and Plano.

The property features 190 non-climate units, 64 climate-controlled units, and 14 covered parking spaces for a total of 54,435 NRSF. The facility is currently 90% physically occupied and 82% economically occupied. The average size of the non-climate units is 208 NRSF, and the average size of the climate-controlled units is 111 NRSF. Also included with the property is an additional +/- 0.4 acres of land that could be used for expansion.

Lakeside Storage is well located, being adjacent to the 725-acre master planned Waterview community and golf course. It is also under a mile from the popular Lake Ray Hubbard, as well as only 1.9 miles from the President George Bush Turnpike. Downtown Dallas is roughly a 30-minute drive from the property. A 5-mile radius around the property includes a population of 167,359 with an average household income of $149,075.

Construction highlights include metal and steel construction, concrete drives, an on-site office, gated access, and security features.

Lakeside Storage is being offered for sale at $6,000,000.

Investment highlights

  • $6,000,000
  • 49,539 NRSF
  • 190 NC, 64 CC
  • 90% Occupancy
  • On-Site Office
  • Expansion Room
  • Rowlett, TX (Dallas - Fort Worth MSA)
  • 167,359 Population Within 5 Miles
  • $149,075 Average Household Income Within 5 Miles
  • Adjacent to Waterview Neighborhood & Golf Club
  • 0.6 Miles from Lake Ray Hubbard
  • 1.9 Miles from President George Bush Turnpike

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$302,394.00
$25,199.50/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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