specialty property for sale berkshire hathaway a-budget storage … · 2020-07-02 · self-storage...
TRANSCRIPT
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
SALE PRICE:
UNITS/SLIPS:
BUILDING SIZE:
$2,895,000
31,300 SF (4 Buildings)
191 / 3
CAP RATE: 6.98%
CROSS STREETS: FM 1484 & WillisWaukegen Rd
NOI: $202,027
LOT SIZE: 2.85 Acres
PROPERTY HIGHLIGHTS
Pristine Self-Storage Community
Approx. 50% Climate Controlled Units
Newest Facility in the Area ~ No Competition
Road Traffic: 5,000-8,000 cars daily
Close to Airport & Downtown Conroe
Completely Fenced w/State of the Art Security
Additional 7 Acres for Sale ($295,000)
Nearby Retention Pond lowers flood risk
POSSIBLE OWNER FINANCING WITH SUITABLE CREDIT
Price Just
Reduced!
Dawn RogersOffice Manager
Rick Stallings, MBA
RICK STALLINGS TEAM713.503.0808
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
BERKSHIRE HATHAWAY HOMESERVICES COMMERCIAL DIVISION30350 FM 2978, The Woodlands, TX 77354
POSSIBLE OWNER FINANCINGWITH SUITABLE CREDIT
PROPERTY OVERVIEW
Come visit this Pristine Self-Storage Facilitylocated just 4 miles from downtown Conroe &Interstate 45. Conroe Regional Airport and anew Industrial Park are also nearby. This area isseeing explosive growth and increased demandfor storage needs with little to no competition.
Located on a main highway, this business isvisible to 5,000 to 8,000 cars daily. The facility iseasily accessible within the fully fencedproperty with 2 entrances, automatic gates, 24-Hour access, and industrial lighting for eveningvisits. Wide concrete lanes allow easy access toindividual units. The property is also protectedby 15 cameras and state of the art monitoring.
Built on 2.85 Acres, it features 3 storagebuildings containing 191 units ranging from 50to 300 SF, of which 91 are Climate Controlledand all hallways have electrical outlets.
The Main building features a 300 SF rentaloffice and a 2,200 SF of Office/Warehousespace which can be leased or converted foradditional income into a small retail store tosell boxes, moving supplies, dollies, movingblankets, vending items, etc.
The property also features 3 parking slips,which may be used to store vehicles, smallRVs/Boats. There has been a significantincrease in demand for Recreational VehicleStorage recently. An additional 8 acres behindthis facility, which is also available for sale, isperfect to meet this demand!
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
This property features 91 Climate ControlledStorage Units and 99 Regular Units, 1Office/Warehouse/ Retail, and 3 UncoveredRecreational Vehicle Parking Slips.
ASSET MIX
# Units Size CC Unit SF Total SF
812
44
32242735151310
51
190
5 x 105 x 105 x 155 x 15
10 x 1010 x 1010 x 1510 x 1510 x 2010 x 2010 x 2510 x 3010 x 30
CC
CC
CC
CC
CC
CC
50507575
100100150150200200250300300
400600300300
3,2002,4004,0505,2503,0002,6002,5001,500
30026,400
# Units Type CC Unit SF Total SF
1214
WH/RetailParkingParking
2,200100
25
2,200200
252,425
CC
Net Rentable Area 28,825
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
SCHEDULE A VIST TO THE PROPERTY TODAY!
300 SF RENTAL OFFICE
2,200 SF OFFICE/WAREHOUSE
Self-Storage Buildings (3)Approx. 50% Climate Controlled
PERFECT FOR MOVINGSUPPLY RETAIL SPACE
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
7.15 ACRES– OPTIONALEXPANSION($295,000)
2.85 ACRES – SELFSTORAGE FACILITY
RETENTION POND –FLOOD CONTROL
SITE PLAN
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
RetentionPond
RV/BoatParking
8 ACRES – CORNER EXPANSION
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
CONROE PARK NORTH
1,045 Acre Business Park2 Miles Away
27 Companies employing over 3,000 people
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
INVESTMENT OVERVIEW
OPERATING DATA (YEAR 1)
FINANCING DATA
PricePrice per Rentable SFGRMNOI (%)CAP Rate (%)Pre-Tax IRR (%)
$2,895,000$100.43
10.2779.06
6.9817.01
Gross Scheduled IncomeVacancy CostGross IncomeOperating ExpensesNet Operating Income
$282,000$26,452
$255,548$53,521
$202,027
Down PaymentLoan AmountAnnual Debt ServiceMonthly Debt ServicePrincipal Reduction (yr 1)Interest Rate (%)Terms (Yrs)
$745,463$2,171,250
$163,194$13,660$40,114
5.7525
Pro Forma Investment& Financing Information
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
Detailed Financial Information
Considerable Financial Analysis has been performed onthis property. Please sign the Non-Disclosure Agreementincluded with this brochure to obtain detailed rent rolls &CCIM Analysis.
If you are sincerely interested in investing in this incomeproducing premiere property, please be prepared toprovide Proof of Funds, such as bank statements and/or aPre-Approval Letter from your financial institution.
Our client is interested in serious buyers only and is willingto sign your Non-Disclosure Agreement to move forwardwith the purchase of this property.
We look forward to working with you!
SPECIALTY PROPERTY FOR SALE
A-BUDGET STORAGE10670 FM 1484, Conroe, TX 77303
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.0808 | [email protected] FM 2978, The Woodlands, TX 77354
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