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34065004
34065002

3740 Old Hwy 287, Waxahachie, TX 75165

BB
TX 575641, TX
VERSAL - Bellomy
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
Listed by VERSAL - Bellomy
$1,700,000
4 days on market
Updated 4 days ago
Opportunity zone

HWY 287 Self Storage

Details
APN 220805
Property Type Self Storage
Sub Type Non-Climate Controlled
Square Footage 22,900
Units 163
NOI $40,393
Occupancy 62%
Pro-Forma NOI $126,516
Year Built 2003
Buildings 10
Acreage 2.050
Investment Type Value Add

3740 Old Hwy 287, Waxahachie, TX 75165

Marketing description

Hwy 287 Self Storage is located in Waxahachie, Texas. Waxahachie is south of Dallas and falls within the Dallas - Fort Worth MSA.

The property features 153 non-climate units for a total of 22,900 NRSF. The average unit size is 150 NRSF. The facility is currently 62% occupied, giving a future owner significant value-add opportunity.

The facility has frontage along Highway 287 and is only 5.4 miles from Interstate 35. A 5-mile radius around the property includes a population of 8,060 with an average household income of $106,394.

Construction highlights include metal and steel construction, concrete drives, an on-site leasing office, perimeter fencing, gated keypad access, security cameras, exterior lighting, and a manager's apartment.

Hwy 287 Self Storage is being listed for sale at $1,700,000.

Investment highlights

  • $1,700,000
  • 153 NC Units
  • 22,900 NRSF
  • 62% Occupancy
  • Value-Add Opportunity
  • On-Site Office
  • Waxahachie, TX
  • Dallas - Fort Worth MSA
  • $106,394 Average Household Income Within 5 Miles
  • 8,060 Population Within 5 Miles
  • Highway 287 Frontage
  • 5.4 Miles from I-35

Listing Contacts

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

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,393.00
$3,366.08/mo

Valuation Metrics

0
DSCR
2.38%
Cap Rate
2.38%
ROI

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