Cap Rate
7%
Tot. SF
21,300
601-699 W 5th St & 401 N Butz St Box 1563, Fort Stockton, TX, 79735
Viking & Desert Storage
$1,250,000
Key Information
Lot Size
1.59 Acres
Units
192
Year Built
1992 / 2015 (R)
Type
Self Storage
Occupancy
86%
NOI
$87,295
Highlights
• Attractive day-1 yields with upside still remaining. 7.00% Going-In Cap Rate and projected 8.87% Year 1 Cap Rate
• Projected double-digit returns at stabilization north of 10.50%
• Owner-operated facility with upside available through rental rate increases and new revenue streams like tenant insurance and administrative fees
• Excellent visibility and access near the crossroads of I-10 and US-285
• Below replacement cost offering at $58 per rentable square foot
Photos
Location
Agents
T
Trey SullivanLicense # 846418 (TX)
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)Matthews Real Estate Investment Services, Inc2699 Howell St., Suite 400, Dallas, TX 75204