STACK IT UP SELF STORAGE

9605 Avenue P, Lubbock, TX 79423
$1,051,807

Cap Rate
6.80%
Price Per SF
$29
Leasable Area
35,400 SF

Broker of Record

  • Kyle Matthews
  • License No. 005919 (TX)
  • (310) 919-5757
  • Matthews Real Estate Investment Services
  • 841 Apollo Street Suite 150,
    El Segundo, CA 90245

INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity to increase yield to ± 11.59% through unit absorption
  • Low Price Point – $29.71 PSF
  • Property offers fenced security, website advertising, and unique coverage
  • Significant Upside Potential – Currently ± 58% occupied and operating at ±7.75% cap rate
  • 8 total buildings, 245 Units, 35,400 SF with additional income generated through U Haul commissions
  • Limited competition within a 3 mile radius 11.59% • Lubbock is home to over 250,000 residents and Texas Tech University