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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.

Property Facts

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 37737
  • 37738
  • 37684
Land Assessment
$243,923 CAD
Improvements Assessment
$243,656 CAD
Total Assessment
$487,578 CAD
  • Listing ID: 32262416

  • Date on Market: 2024-06-26

  • Last Updated:

  • Address: 3917 FM 2147 W, Cottonwood Shores, TX 78657

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