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17066 FM 2493, Flint, TX, 75762

OLD JACK STORAGE
$1,700,000

Key Information

Cap Rate
6.1%
$ per SF
$83
Tot. SF
2,000
Year Built
2005
Type
Self Storage
Occupancy
63%
NOI
$103,731

Highlights

  • Value add opportunity through future expansion and improving current Economic Occupancy
  • Affluent surrounding population with average household incomes above $125,000 in a 3-Mile Radius
  • Strong population growth since 2010 at an annual rate of 1.50%, with projected population growth of 1.80% annually for the next 5 years
  • Strategically located in the path of growth on FM 2493, which sees over 23,000 VPD
  • Attractive stabilized yields in the 8%-9%+ range
  • Operational improvements available as the current owners collect very minimal ancillary income streams such as Tenant Insurance, Administrative Fees, Late Fees while also doing very little in advertising

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225