For Sale
$199,000

108 9Th St Cisco, TX 76437

Profitable Texas Self-Storage Facility

Overview

Added:
Dec 11, 2024
Days on market:
134
This turnkey, 20-unit self-storage facility in Cisco, Texas, presents a compelling investment opportunity. Located on a 2,875 sq ft lot at 108 E 9th St, this 2,500 sq ft building boasts 1,584 sq ft of net rentable space, currently operating at 100% occupancy. Completely renovated in 2022, the facility features climate control, automated systems for remote operation (including online leasing and customer payment), keypad access, and a camera system. The property's strategic downtown location offers easy accessibility. With a stabilized NOI of $13,128 and a 6.60% cap rate, this Class C building (APN 5282) offers a strong return on investment. The 11-foot ceilings and single-story design maximize efficiency. The property is zoned F1 - REAL COMMERCIAL and benefits from established relationships for cleaning and maintenance. This is an exceptional opportunity to acquire a profitable, low-maintenance self-storage business in a thriving Texas market. The asking price is $199,000, representing a price per square foot of $79.60. Built in 1930, this property has been meticulously updated to meet modern standards. The business has consistently maintained 85% or higher occupancy for the past six months.

Highlights

  • $199,000 asking price for a stabilized, owner-user self-storage business in Cisco, TX.
  • 2,500 square feet, 1,584 net rentable square feet, with 20 units.
  • 6.60% cap rate, $13,128 NOI, and 100% occupancy.
  • Newly renovated in 2022, featuring automated systems for remote operation.
  • Located on a main thoroughfare in historic downtown Cisco, TX, with a 2,875 square foot lot.

Property Details for 108 9Th St

Property type
Self storage facilities
Square Feet
2,500 SF
Class
C
Year Built/Renovated
1930/2022
Buildings
1
Stories
1
Units
20

Location Insight

City
Cisco
County
Eastland
State
Texas
Latitude
32.387365389919
Longitude
-98.978901832198

FAQs

What type of property is this?
Self storage facility - Profitable Texas Self-Storage Facility
Where is the self storage facility located?
The property is located at 108 9Th St Cisco, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: $199,000 asking price for a stabilized, owner-user self-storage business in Cisco, TX.; 2,500 square feet, 1,584 net rentable square feet, with 20 units.; 6.60% cap rate, $13,128 NOI, and 100% occupancy.
How can I contact the broker?
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108 9Th St
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