51 Unit Self Storage (Big Box) Midland, TX 


Sale Price: $1,225,000

 *$300,000 to Close

ARV: $2,500,000

132,000 Population Midland Texas 

29,400 NRF

UNIT MIX

19 (12x30) $180   $3,420 (monthly)   $41,040 (anual)

28 (12x40) $240   $6,720 (monthly)   $80,640 (anual)

1 (24x30) $350      $350 (monthly)     $4,200 (anual)

2 (24x40) $480      $960   (monthly)  $11,520 (anual)

Warehouse $3000  $3000  (monthly) $36,000 (anual)


GROSS TOTAL POTENTIAL $173,400

30% Exp NOI = $122K - Resell @ 6 cap $2M

25% Exp NOI = $130,050K - Resell @ 6 cap $2.15M

*7 Units occupied out of 51 

* 6 cap market

 


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