CubeSmart Self Storage (Managed)
For saleUnder contract1301 La Salle Ave, Waco, TX 76706
$6,500,00071,350 SF
Self Storage1999
Property type
Self Storage
Price
$6,500,000
Year built
1999
Lot size
9.11 acres
Number of buildings
14
Property highlights
- Value-Add Self Storage Facility Comprised of 50 Climate-Control Units Totaling 4,475 NRSF, 575 Non-Climate Units Totaling 66,875 NRSF, and 108 Outdoor Parking Rentals.
- Facility Sits on 9.11-Acre Lot With Ample Room for the Construction of Additional Storage Buildings.
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases.
- Secure, Turnkey Facility With Security Cameras, Automatic Gate, Keypad Entry, and Management Software Already in Place.
- 2023-2024 Cap/Ex Improvements Include Upgrades to Parking Areas, Fencing, Gates, Cameras, and Lighting, as well as Renovations of the Office and Manager's Apartment.
- Dense and Growing Population of 123,986 Residents Within Five Miles of the Property.
- Nearby Lake Waco and the Surrounding Campgrounds Provide Steady Demand for Outdoor Boat & RV Parking Space Rentals.
- Waco is Located in Central Texas in Between Dallas and Austin and is Home to 147,788 Residents.
- The Waco MSA is the 12th Largest in the State of Texas and is Home to 308,807 Residents.
Broker Of Record Ryan Bohls Texas BOR License No. 575430 Firm License No. 9013618 813-839-7300 FSIVS@FranklinSt.com FSFP Austin, LLC