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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. [email protected]
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. [email protected]
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. [email protected]
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. [email protected]
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. [email protected]
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. [email protected]
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. [email protected]
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
