814 bus hwy 35, west columbia, tx 77414 · 2018-12-20 · 91% mkt rents value at 7.00% cap @ 89%...

PURCHASE PRICE: $1,208,000

OCCUPANCY: PRE-LEASING

LOT SIZE: 1.924ac

BLDG SIZE: 25,000 SF

BLDG RENOVATED: 2018

OVERVIEWNewly renovated industrial building in West Columbia, Texas has been converted into a Class A self-storage. Located on a major highway, this is being sold pre-completion, with an existing occupancy. With significant upside potential, hands-off management, and great online presence, the new owner will be able to make a seamless transition.

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

•  HEAVILY TRAFFICED AREA

•  NEAR MAJOR RETAILERS

•  GOOD ACCESSIBILITY FOR LOADING

•  NEW, ADJACENT 275 UNIT MASTER-PLANNED

COMMUNITY BEGINNING CONSTRUCTION MAY

2019

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

•  ON HIGHLY TRAVELED ROUTE

•  NEAR MAJOR ANCHOR RESTAURANTS

•  LARGEST STORAGE FACILITY IN AREA

•  ONLY CLIMATE CONTROLLED STORAGE IN AREA

60

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

•  HEAVILY TRAFFICED AREA

•  6,000 SQFT AVALABLE FOR EXPANSION

•  GREAT ACCESSIBILITY FOR LOADING

•  EXTERIOR BOAT/RV STORAGE UPSIDE

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

OCCUPANCY START: Jan. 2, 2019

PRE-COMPLETION OCCUPANCY: 2%

PROJECTED OCCUPANCY MAR 31, 2019: 35%

PROJECTED CASH FLOW MAR 31, 2019: $12,107

PROJECTED OCCUPANCY JUNE 31, 2019: 65%

PROJECTED CASH FLOW JUNE 31, 2019: $40,756

PROJECTED NOI JUNE 31, 2019: $19,563

STABILIZED NOI @ 89% OCC & $84,522

91% mkt rents

VALUE AT 7.00% CAP @ 89% OCC & $1.208 mm

91% mkt rents

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

UNIT MIX – 163 Units

5 x10 – qty 11

10 x10 – qty 36

10 x12 – qty 70

10 x15 – qty 37

10 x 20 – qty 9

NRA: 18,300 sqft

UPSIDE POTENTIAL

6,000 sqft interior expansion

+$75,000 gross income

8,800 sqft Covered Boat/RV Storage

+$57,000 gross income

HIGHLIGHTS

•  NEAR HIGH TRAFFIC CORRIDORS •  WITHIN 1 MILE OF MAJORITY CITY POPULATION

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

½ MI.

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

1 MI.

ANDREW T. CRAINDirector512.853.0358andrew@centralmetro.com

The information contained in this presentation is a combination of information provided by Central Metro Commercial and from sources we believe to be reliable. No representations or

warranties, express or implied are made by any party, and no guarantees are made as to the accuracy of this information. Recipients are entitled and encouraged to perform their own

due diligence prior to entering into a contract concerning the property described herein.

CENTRAL METRO COMMERCIAL13497 Hwy 183, Ste 700Austin, TX 78750512.249.7368

45 MI

20 MI

75MI

814 BUS HWY 35, West Columbia, TX 77414 STORAGE FOR SALE

HIGHLIGHTS

•  WITHIN 25 MILES OF OTHER TERTIARY

MARKETS

•  WITHIN 75 MILES OF THE LARGEST CITY IN

TEXAS