Safe Simple Storage

7124 Seymour Hwy | Wichita Falls | TX | 76310 Back to Properties


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Property Highlights

    • Strong Average Income and Traffic: Household average income of $89,995 in a 3-mile radius of the subject property and AADT of 9,418.
    • Below Market Rental Rates: The overall rates of the property are currently 24% below market rates.
    • Expansion Potential: The seller plans to double the size of the drive-up non climate controlled units by closing.
    • Projected Population Growth: The population within a 5-mile radius is expected to increase by over 3% in the next 5 years.
    • Strong Current Occupancy: Current occupancy stands at 92.3% at 33,220 total NRSF and the seller plans to double the size of the drive-up non climate controlled units to 65,800 NRSF, excluding container (320 SF), by the time of closing.
    • Limited Supply: Supply stands at 8.34 NRSF per capita in the 3-mile radius of the property.

Property Details

  • Available SF: 65,800 SF
  • Price: Call for Offers - Market Bid 11/22
  • Units: 380
  • Transaction Type: For Sale
  • Property Type: Self-Storage
  • Availability: Available

Property Description

This is an exclusive opportunity to acquire Safe Simple Storage, a 65,800 NRSF facility, featuring 362 drive-up non climate controlled and 18 outside parking units in total. Safe Simple Storage offers a plethora of different unit sizes to fit a variety of different client needs, along with truck rental services for all moving needs.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %
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Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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