7304 Seymour Hwy Wichita Falls, TX 76310

This exceptional Class A self-storage facility in Wichita Falls, Texas, presents a compelling investment opportunity. Located on a 5.76-acre lot at 7304 Seymour Hwy, 76310, this property boasts two buildings totaling 32,352 square feet of net rentable space, constructed in 2021 and renovated in 2023. The facility comprises 50 RV/boat storage units, with 25 units measuring 12' x 48' and 25 units measuring 14' x 48', offering ceiling heights ranging from 15 to 25 feet. Currently, 18 units are leased at $250 per month, generating a pro forma gross income of $150,000 annually. The property's pro forma net operating income (NOI) is $125,000, resulting in a 12.69% capitalization rate. While 26 units are currently awaiting door installation (doors are on-site), the property is being sold "as is" with an asking price of $985,000 ($30.45 per square foot and $19,700 per unit). The property includes an easement allowing bobcat access to the rear of the property for tenant convenience. Annual expenses are estimated at $25,000 (including approximately $11,000 in taxes, $10,000 in insurance, and $4,000 in CAM). Lease terms range from three months to one year. This property offers significant upside potential with increased occupancy and completion of the remaining units. The permitted zoning is GC.