5050 Fairmont StAbilene, TX 79605

This exceptional self-storage investment opportunity presents a well-performing 134-unit facility located at 5050 Fairmont St, Abilene, TX 79605. Built in 1984, the property boasts 16,050 net rentable square feet across four single-story buildings situated on a 0.93-acre lot. Currently achieving a 6.40% cap rate with a NOI of $70,003, the pro-forma projections indicate a 6.56% cap rate and a NOI of $72,156, showcasing significant upside potential. The facility enjoys high occupancy rates, exceeding 93% for units and 90% for square footage. This strong performance is supported by a dense population base, with over 61,000 residents within a 3-mile radius and over 100,000 within a 5-mile radius. Further bolstering the investment's appeal is the projected annual population growth of 0.50% over the next five years. The property offers room for improvement in economic occupancy, allowing for subsequent rental rate increases. This is a prime opportunity to acquire a stable, high-performing asset with considerable growth potential in a thriving Texas market. The asking price for this exceptional property is $1,100,000.