3917 Fm 2147 Cottonwood Shores, TX 78657

This exceptional self-storage facility in Cottonwood Shores, TX, presents a compelling investment opportunity. Located at 3917 FM 2147 W, this single-story, 14,497 square foot facility underwent a complete renovation in 2021. The property boasts 52 units, currently operating at 89% occupancy (as of June 26, 2024), generating a strong pro-forma NOI of $78,000 and a pro-forma cap rate of 7.80%. The asking price is $999,999, translating to $68.98 per square foot and $19,230.75 per unit. Situated on a 0.35-acre lot, the property benefits from high visibility and accessibility due to its location off FM 2147. The area is experiencing significant population growth, with ongoing residential and mixed-use developments, limiting future competition as Cottonwood Shores restricts new storage facilities. Further enhancing the investment potential is a billboard lease generating additional income. The property's location between Horseshoe Bay and Marble Falls offers convenient access to amenities and a thriving community. The high occupancy rate, exceeding 91% over the past three years despite consistent rent increases, and the high percentage of tenants on auto-pay (70%) demonstrate the property's strong operational performance and stable cash flow. The proximity to the city police headquarters ensures a safe and secure environment. This is a truly passive investment opportunity with significant upside potential in a high-demand market. The gross lease structure simplifies management, making this an ideal addition to any portfolio.