91 Globe Ave Texarkana, AR 71854
- Warehouses
- 32,340 SF
- 3.33 lot acres
Current Use by Public Records
- Warehouses
Property Details for 91 Globe Ave
- Year built
- 2001
- Lot size
- 3.33 lot acres
- Property size
- 32,340 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 249456
- APU
- 249456
Description
Exceptional investment opportunity: This 174-unit self-storage facility, totaling 32,340 square feet, is strategically located in Texarkana, Arkansas, on Highway 67 near the Texarkana Airport. Built in 2001, the property comprises four buildings and offers a mix of 78 climate-controlled and 92 non-climate-controlled units. The facility benefits from high visibility due to its location on Highway 67, providing excellent accessibility and exposure to potential customers. Its proximity to Interstates 49 and 30 further enhances its strategic position. The property operates under a ground lease with an expiration date of August 26, 2053, providing a substantial remaining lease term of 29 years. The asking price is $1,100,000, translating to $34.01 per square foot of the 30,150 square feet of net rentable space. This well-established facility presents a compelling investment opportunity with significant potential for future growth and strong returns. The property's substantial unit count, desirable location, and long-term ground lease make it an attractive asset for discerning investors seeking a stable and profitable investment in the self-storage sector. The property's 30,150 square feet of net rentable space is currently fully occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Longitude
- -93.9978
- Latitude
- 33.4547
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA
