Published on: Wednesday, May 1, 2024
Updated on: Tuesday, November 19, 2024
 Share  Tweet
About the Lister
User Profile Image
Name: TaMara Jones
Company: Calvary Realty
Office Phone: (310)619-0244
Cell Phone: (310)619-0244
Provide Your Service
Financing  Business  Material
  Honeycrisp Self Storage Portfolio Millsap and Tollar
177 Fairview Rd, Millsap, TX 76066 & 205 Tolar Cemetery Rd Tolar Texas , 76476
177 Fairview Rd, Millsap, TX 76066 & 205 Tolar Cemetery Rd Tolar Texas                                                                                               , 76476Calvary Realty
Listing ID: CL-Texas-10451

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Texas-10451
Status: Sold
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2001
Building Size: 16,200.00 SqFt
Lot Size: 44,257.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: Yes
Building Status: Existing
Listing Summary
Honeycrisp Self Storage - Millsap and Honeycrisp Self Storage - Tolar are two strategically positioned storage facilities within the Dallas - Fort Worth - Arlington Metropolitan Statistical Area
Complete Details
Year Build: 2001
Building Size: 16,200 SqFt.
No of Stories: 1
Total Lot Area: 44257 SqFt.
No of Parking: N/A
No of Total Units: 132
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: Yes
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Honeycrisp Self Storage - Millsap and Honeycrisp Self Storage - Tolar are two strategically positioned storage facilities within the Dallas - Fort Worth - Arlington Metropolitan Statistical Area, which is home to over 8.1 million residents. Located at 177 Fairview Rd, Millsap, TX 76066, and 205 Tolar Cemetery Rd, Tolar, TX 76476, respectively, these properties offer a combined pricing guidance of $972,000. The Millsap facility, priced at $425,000, features a cap rate of 5.03% with 7,800 square feet of enclosed storage space across 64 units, and a 70% occupancy rate on a halfacre lot. The Tolar property, available for $547,000, features a 7.20% cap rate with 8,400 square feet of enclosed space across 68 units, and an 80% occupancy rate on a slightly larger lot of 0.52 acres. Both properties were built in the late 1990s, with construction materials comprising mainly metal and steel, underscoring their durability. Located near significant roads such as Fairview Lane and Donley Street with access to major highways like US Highway 180 for Millsap and US Highway 377 for Tolar, these facilities benefit from robust traffic flows of 1,040 and 10,721 vehicles per day, respectively. This accessibility is a critical feature, enhancing customer convenience and the facilities' visibility, important factors for successful storage operations. Both properties boast modern management features, including automated operations and Easy Storage Management Software, facilitating efficient administrative handling. Both facilities have potential for rent and occupancy increases as well as expansion, which presents an opportunity for a new owner to enhance value and boost returns. Seller is offering financing at the interest only rate of 6.5% for three years, providing the investor with cash flow from day one of operations! The strategic location within a high-growth MSA, combined with seller financing options and the potential for immediate cash flow, makes the Honeycrisp Self Storage properties an attractive investment proposition for those looking to enter or expand within the storage market. Potential investors or buyers seeking more detailed information can visit the properties' dedicated website at Honeycrisp Self Storage to explore investment opportunities and operational details
Additional Properties
Property Highlights
  • Year Built : 2001 & 1998
  • Two Property Portfolio
  • Interest Only Seller Financing
  • 45 Minutes from Fort Worth
  • Automated Operations
  • Easy Storage Management Software
  • Number of Buildings 6
  • Cap Rate 6.25%
Listing Location
Attached Documents
  • Download | AIR_Confidentiality_Agreement Honeycrisp.pdf ( 135.53KB)
Lister's other Properties
Address: 708 N 29th St , Monroe Louisiana 71201
Listing ID: CL-Louisiana-12855
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
listing image
Address: 8800 S OH-201 , Tipp City Ohio 45371
Listing ID: CL-Ohio-12850
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
listing image
Address: 183 S Austin Rd, , Manteca California 95336
Listing ID: CL-California-12846
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
listing image