13490 County Road 220Tyler, TX 75707

For Sale
$1,500,000
53 Units, 100% Occupancy, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional self-storage facility in Tyler, Texas, presents a compelling investment opportunity. The property, located at 13490 County Rd 220, boasts 21,250 square feet across five buildings on a 1.5-acre lot (APN: 1-00000-0118-00-011000). Built in 2019, it features 53 units currently operating at 100% occupancy, generating a substantial net operating income (NOI) of $86,820. The property's Class B designation reflects its well-maintained condition. Its prime location along Old Henderson Highway and Highway 64, adjacent to Chapel Hill School, ensures high visibility and accessibility. The strong demand for storage in this growing area of East Texas, coupled with the facility's full occupancy, presents a significant opportunity to increase rental rates, further enhancing the NOI and overall profitability. The property is zoned for commercial use and offers a stable investment in a thriving economic environment. This is a turnkey operation with immediate cash flow potential and significant upside. The asking price is $1,500,000.

Highlights

  • 100% occupancy; 53 units generate immediate cash flow, with upside potential from rent increases.
  • $86,820 annual NOI, with further income growth potential through rent adjustments.
  • High-visibility location at Old Henderson Hwy & Hwy 64, adjacent to Chapel Hill School, providing excellent access.
  • Strong demand for storage in a growing market near Tyler, TX, driven by residential and commercial growth.
  • High traffic counts from major roadways ensure consistent customer traffic.
  • High occupancy and demand support rental rate increases, boosting NOI and profitability.

Property Details for 13490 County Road 220

Property type
Self storage facilities
Square Feet
21,250 SF
Class
B
Year Built
2019
Buildings
5
Lot Size (sq. ft)
65,340 SF
Units
53

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.309376522612
Longitude
-95.183612536029
13490 County Road 220, Tyler, Texas

FAQs

What type of property is this?
Self storage facility - 53 Units, 100% Occupancy, High NOI
Where is the self storage facility located?
The property is located at 13490 County Road 220 Tyler, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 100% occupancy; 53 units generate immediate cash flow, with upside potential from rent increases.; $86,820 annual NOI, with further income growth potential through rent adjustments.; High-visibility location at Old Henderson Hwy & Hwy 64, adjacent to Chapel Hill School, providing excellent access.
How can I contact the broker?
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13490 County Road 220
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