907 Simmons Ave - Jourdanton’s Own Mini Storage
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907 Simmons Ave - Jourdanton’s Own Mini Storage
15,465 SF Specialty Building Offered For Sale in Jourdanton, TX 78026
Investment Highlights
- 15,465 square foot drive-up self storage facility
- Room for expansion
- Newly painted with asphalt drives
- Remote managed
Executive Summary
Jourdanton’s Own Mini Storage is a 15,465 square foot non-climate controlled facility located at 907 Simmons Ave in the center of Jourdanton, TX. The property was recently painted and has great curb appeal. Serving the Jourdanton and surrounding communities, the Jourdanton’s Own Mini Storage property has some room for further expansion. Currently, the property contains 82 total units with a small manager’s office.
The property currently is at 89% unit occupancy and 88% economic occupancy. The asking price for the property allows the owner to achieve a 1.28 debt service coverage ratio on standard financing for a deal of this size and location. The new buyer would be able to purchase this asset for less than $60 PSF.
The property currently is at 89% unit occupancy and 88% economic occupancy. The asking price for the property allows the owner to achieve a 1.28 debt service coverage ratio on standard financing for a deal of this size and location. The new buyer would be able to purchase this asset for less than $60 PSF.
Property Facts
| Sale Type | Investment | Lot Size | 1.10 AC |
| Property Type | Specialty | Building Size | 15,465 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1990 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 15,465 SF |
| No. Stories | 1 |
| Year Built | 1990 |
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PROPERTY TAXES
| Parcel Number | R25042 | Improvements Assessment | $448,789 CAD |
| Land Assessment | $67,051 CAD | Total Assessment | $515,840 CAD |
PROPERTY TAXES
Parcel Number
R25042
Land Assessment
$67,051 CAD
Improvements Assessment
$448,789 CAD
Total Assessment
$515,840 CAD
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907 Simmons Ave - Jourdanton’s Own Mini Storage
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