Description
10th Street Storage is a great opportunity to purchase a 320 space RV/ Boat storage facility 3/4 of a mile north of I-40 on Mustang road. Complex is made up of 64 indoor boat storage slots and approximately 256 10'x35' outdoor storage spaces. The subject property has a large amount of upside in increased rents and adding additional indoor storage that is currently in high demand. Owner has a site plan adding an additional 150 12x45 covered units to the site. Current Cap rate is based off of 100% Occupancy. Current Occupancy is approximately 65% and is increasing on a daily basis as new tenants are added. Stated gross income of the subject property fully leased is $130,680. With appropriate market rents without any improvements puts potential gross income at $186,240. This is a great opportunity to have immediate income while building additional indoor units and increasing rents. Listing agent is owner. Tenant portal is managed by StorEdge Software.
Details
| MLS# | 940551 |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | ACT |
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| Year | 1982 |
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| Days On Site | 15 |
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Features
| Story(s) | 1 |
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| Zoning | Industrial |
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| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Dec 2020 | Sales: 54 | Avg $ Per SqFt: $85.03 | Min Sale Price: $995 | Max Sale Price: $370,000 | Med Sale Price: $178,700 |
| Date: Nov 2020 | Sales: 122 | Avg $ Per SqFt: $96.96 | Min Sale Price: $995 | Max Sale Price: $749,500 | Med Sale Price: $197,500 |
| Date: Oct 2020 | Sales: 188 | Avg $ Per SqFt: $99.73 | Min Sale Price: $1,045 | Max Sale Price: $525,000 | Med Sale Price: $193,599 |
| Date: Sep 2020 | Sales: 193 | Avg $ Per SqFt: $99.74 | Min Sale Price: $1,045 | Max Sale Price: $512,500 | Med Sale Price: $188,000 |
| Date: Aug 2020 | Sales: 251 | Avg $ Per SqFt: $109.65 | Min Sale Price: $1,100 | Max Sale Price: $599,900 | Med Sale Price: $199,900 |
| Date: Jul 2020 | Sales: 303 | Avg $ Per SqFt: $108.04 | Min Sale Price: $925 | Max Sale Price: $735,000 | Med Sale Price: $198,500 |
| Date: Jun 2020 | Sales: 320 | Avg $ Per SqFt: $110.4 | Min Sale Price: $1,045 | Max Sale Price: $493,500 | Med Sale Price: $185,000 |
| Date: May 2020 | Sales: 285 | Avg $ Per SqFt: $108.63 | Min Sale Price: $875 | Max Sale Price: $570,000 | Med Sale Price: $204,900 |
| Date: Apr 2020 | Sales: 229 | Avg $ Per SqFt: $109.49 | Min Sale Price: $950 | Max Sale Price: $565,000 | Med Sale Price: $210,000 |
| Date: Mar 2020 | Sales: 252 | Avg $ Per SqFt: $103.71 | Min Sale Price: $1,090 | Max Sale Price: $479,900 | Med Sale Price: $190,000 |
| Date: Feb 2020 | Sales: 201 | Avg $ Per SqFt: $103.02 | Min Sale Price: $950 | Max Sale Price: $610,000 | Med Sale Price: $179,900 |
| Date: Jan 2020 | Sales: 238 | Avg $ Per SqFt: $102.93 | Min Sale Price: $950 | Max Sale Price: $3,487,000 | Med Sale Price: $181,635 |
| Dec 2020 |
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| Sales: | 54 |
| Avg $ Per SqFt: | $85.03 |
| Min Sale Price: | $995 |
| Max Sale Price: | $370,000 |
| Med Sale Price: | $178,700 |
| Nov 2020 |
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| Sales: | 122 |
| Avg $ Per SqFt: | $96.96 |
| Min Sale Price: | $995 |
| Max Sale Price: | $749,500 |
| Med Sale Price: | $197,500 |
| Oct 2020 |
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| Sales: | 188 |
| Avg $ Per SqFt: | $99.73 |
| Min Sale Price: | $1,045 |
| Max Sale Price: | $525,000 |
| Med Sale Price: | $193,599 |
| Sep 2020 |
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| Sales: | 193 |
| Avg $ Per SqFt: | $99.74 |
| Min Sale Price: | $1,045 |
| Max Sale Price: | $512,500 |
| Med Sale Price: | $188,000 |
| Aug 2020 |
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| Sales: | 251 |
| Avg $ Per SqFt: | $109.65 |
| Min Sale Price: | $1,100 |
| Max Sale Price: | $599,900 |
| Med Sale Price: | $199,900 |
| Jul 2020 |
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| Sales: | 303 |
| Avg $ Per SqFt: | $108.04 |
| Min Sale Price: | $925 |
| Max Sale Price: | $735,000 |
| Med Sale Price: | $198,500 |
| Jun 2020 |
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| Sales: | 320 |
| Avg $ Per SqFt: | $110.4 |
| Min Sale Price: | $1,045 |
| Max Sale Price: | $493,500 |
| Med Sale Price: | $185,000 |
| May 2020 |
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| Sales: | 285 |
| Avg $ Per SqFt: | $108.63 |
| Min Sale Price: | $875 |
| Max Sale Price: | $570,000 |
| Med Sale Price: | $204,900 |
| Apr 2020 |
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| Sales: | 229 |
| Avg $ Per SqFt: | $109.49 |
| Min Sale Price: | $950 |
| Max Sale Price: | $565,000 |
| Med Sale Price: | $210,000 |
| Mar 2020 |
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| Sales: | 252 |
| Avg $ Per SqFt: | $103.71 |
| Min Sale Price: | $1,090 |
| Max Sale Price: | $479,900 |
| Med Sale Price: | $190,000 |
| Feb 2020 |
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| Sales: | 201 |
| Avg $ Per SqFt: | $103.02 |
| Min Sale Price: | $950 |
| Max Sale Price: | $610,000 |
| Med Sale Price: | $179,900 |
| Jan 2020 |
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| Sales: | 238 |
| Avg $ Per SqFt: | $102.93 |
| Min Sale Price: | $950 |
| Max Sale Price: | $3,487,000 |
| Med Sale Price: | $181,635 |
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MLS Number: 940551