Safe Simple Storage
7124 Seymour Hwy., Wichita Falls, TX 76310
Overview
This is an exclusive opportunity to acquire Safe Simple Storage, a 33,220 NRSF facility, featuring 191 units in total. Safe Simple Storage offers a plethora of different unit sizes to fit a variety of different client needs, along with truck rental services for all moving needs.
Property Details
Highlights
- Strong Average Income and Traffic: Household average income of $89,995 in a 3-mile radius of the subject property and AADT of 9,418.
- Below Market Rental Rates: The overall rates of the property are currently 24% below market rates.
- Expansion Potential: The seller plans to double the size of the drive-up non climate controlled units by closing.
- Projected Population Growth: The population within a 5-mile radius is expected to increase by over 3% in the next 5 years.
- Strong Current Occupancy: Current occupancy stands at 92.3% at 33,220 total NRSF and the seller plans to double the size of the drive-up non climate controlled units to 65,800 NRSF, excluding container (320 SF), by the time of closing.
- Limited Supply: Supply stands at 8.34 NRSF per capita in the 3-mile radius of the property.
Location
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