Seguin Storage

1301 E Kingsbury St | Seguin | TX | 78155


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Confidentiality Agreement

Confidentiality agreement sub heading..

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Agreement

The information and documents contained in this listing are intended to be reviewed only by the party receiving it from CRD Realty and should not be made available to any other person or entity without the written consent of CRD Realty.

This Offering Memorandum and listing have been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.


The information contained herein is not a substitute for a thorough due diligence investigation. CRD Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses of the subject
property, the unit mix of the property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition of business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the subject
property.


The information contained in the Offering Memorandum and listing have been obtained from sources we believe to be reliable; however, CRD Realty has not verified, and will not verify, any of the information contained herein, nor has CRD Realty conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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Property Highlights

    • Built 2019 w/ 2nd phase under construction to be completed beginning January 2022
    • 4.99 Acres (Includes 2+/- acres of additional expansion room according to owner)
    • 477 Units
      • 207 – Non Climate
      • 237 – Climate
      • 25 – Boat & RV
      • 8 – Open Parking
    • Net Rentable Square Feet – 70,385 (Phase 1 & 2, Includes 3,290 SF Open Parking)
    • T-12 Gross Revenue – $541,981.85 (Phase 1 Only - 2021)
    • T-12 NOI - $281,834.46 (Phase 1 Only - 2021)
    • Potential Gross Rental Income - $1,049,124.00 @ 100% Occupancy
    • Current Physical Occupancy – 51.36% (Includes Phase 2, 202 units, currently under construction)
      • Reached 93% physical occupancy after 8 months of operation after receiving C/O in December of 2019
      • As of 12/31, 89% physical occupancy for Phase 1
    • One of the only new facilities in the area
    • Texas Lutheran University campus is within a few miles
    • Fronts US-90 w/ 5200 +/- VPD
    • 12,491 residential dwelling units proposed, planned or are currently under construction around the city of Seguin

Property Details

  • Available SF: 67,095 SF
  • Price: $ 12,000,000
  • Transaction Type: For Sale
  • Property Type: Self Storage
  • Building Size: 67,095 SF
  • Lot Size: 4.99 AC
  • Sale Type: Fee Simple
  • Building Class: A
  • Year Built: 2019
  • No. Stories: 1
  • Parking: 8 Spaces
  • Cross Streets: US 90
  • Availability: Under Contract
Management : Owner Managed
Software : StorEdge
Security : Cameras

Property Description

CRD Realty is pleased to present Seguin Storage, a Class A, climate/non climate mini storage facility located in a fast growing city just outside of San Antonio, TX. As of 12/13/2021 there are 12,491 residential dwelling units that have been proposed, planned or are currently under construction around the city of Seguin. Seguin is also zoned, presenting an extra barrier to entry for any potential future competition.

The property sits on 4.99 acres with 2 +/- acres left for expansion after the completion of Phase 2 according to the owner. The property consists of 477 units built in 2 separate phases. Phase 1 consists of 275 units, while Phase 2, to be completed beginning  January 2022, totals 202 units. Lease up to stabilization of Phase 1 took only 8 months after the property received its C/O in December of 2019! Demand for Class A storage is strong in this market.

The property also utilizes the latest access control technology with PDK keypads used throughout and Noke’ Smart Locks used in Phase 2. Management software used onsite is StorEdge.

Additionally, the 2,400 SF office is able to be rented out providing a possible boost to ancillary income.

This is an excellent opportunity to take advantage of a brand new, well positioned facility with strong lease up history. Do not miss out, contact us today.

 

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Financial Summary

Investment Highlights

Price $12,000,000.00
Price / Unit $25,157.23
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $12,000,000.00

 

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 %

Rent Roll

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

Totals

$ 0.00

$ 0.00