3917 FM 2147 W
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3917 FM 2147 W
14,497 SF Specialty Building Offered at $1,417,469 CAD at a 7.78% Cap Rate in Cottonwood Shores, TX 78657
Executive Summary
Presenting a strategic investment opportunity at 3917 FM 2147 W, Cottonwood Shores, TX 78657. This property boasts a single-story flex design, renovated in 2021, housing 52 self-storage units within a total rentable square footage of 14,497. Conveniently located off FM2147, the property offers optimal visibility and accessibility.
Cottonwood Shores is a family-friendly community located on the Highland Lakes chain with an extensive Parks System including a Nature Preserve, two boat ramps; one for Lake Marble Falls and one for Lake LBJ; both constant level lakes. It is also a very quick drive to downtown Austin, TX.
88.5% occupied Cottonwood Shores, TX & 70% of tenants on auto-pay • Billboard lease provides additional income • Located between Horseshoe Bay and Marble Falls • Strong population growth includes residential and mixed use developments underway • High traffic intersection with high visibility • Cottonwood does not allow new or additional storage facilities. Competition is limited. • Occupancy over the last three years has been over 91%, even through regular price increases • City police headquarters nearby ensuring safety and highly patrolled area.
Cottonwood Shores is a family-friendly community located on the Highland Lakes chain with an extensive Parks System including a Nature Preserve, two boat ramps; one for Lake Marble Falls and one for Lake LBJ; both constant level lakes. It is also a very quick drive to downtown Austin, TX.
88.5% occupied Cottonwood Shores, TX & 70% of tenants on auto-pay • Billboard lease provides additional income • Located between Horseshoe Bay and Marble Falls • Strong population growth includes residential and mixed use developments underway • High traffic intersection with high visibility • Cottonwood does not allow new or additional storage facilities. Competition is limited. • Occupancy over the last three years has been over 91%, even through regular price increases • City police headquarters nearby ensuring safety and highly patrolled area.
Property Facts
Price | $1,417,469 CAD | Building Class | C |
Price Per SF | $98 CAD | Lot Size | 0.35 AC |
Sale Type | Investment | Building Size | 14,497 SF |
Cap Rate | 7.78% | No. Stories | 1 |
Property Type | Specialty | Year Built/Renovated | 1971/2021 |
Property Subtype | Self-Storage |
Price | $1,417,469 CAD |
Price Per SF | $98 CAD |
Sale Type | Investment |
Cap Rate | 7.78% |
Property Type | Specialty |
Property Subtype | Self-Storage |
Building Class | C |
Lot Size | 0.35 AC |
Building Size | 14,497 SF |
No. Stories | 1 |
Year Built/Renovated | 1971/2021 |
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $243,656 CAD | |
Land Assessment | $243,923 CAD | Total Assessment | $487,578 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$243,923 CAD
Improvements Assessment
$243,656 CAD
Total Assessment
$487,578 CAD
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3917 FM 2147 W
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