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Park n Stor for Sale

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  1. David Rutan
    David  Rutan avatar
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    Registered:
    17 Nov 2014
    17 Nov 2014
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    Hello Fellow owners,
    Our facility is for sale.  I live in Washington State and the site is managed by an onsite manager.   We have owned it for nearly 8 years and its time to move on to bring our real estate and investments closer home.  

    The facility stats:  Its located on 7.7 acres immediately adjacent to the Interstate 10 and its feeder road.  There is excellent access and visibility.  We are the only facility in town with an onsite manager.  Only 2.5 acres is built-out.  There are 4 buildings with 324 units and a mix of both climate and non-climate.  The office is separate from the apartment and large enough to have additional retail business such as moving trucks or mail. 

    Price:  $1,700,000.   This is based on an 8 cap plus $150,000 for the vacant land (5 acres).  Its 84% occupied and rising since our new website launched.  See www.parknstortx.com

    Opportunity:   There is significant upside potential with building a boat and RV storage parking area on the vacant land.  We get calls quite often and just recently started an inquiry record of these calls.

    For more information, please call  360-513-5465.  Dave
    You may Google Map the site to see it clearly using 150 Morgan Street, Vidor, TX   77662.  
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