High View Moving and Storage

Industrial for Sale
Catylist Listing ID: 30216522
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 100,569 SF
Gross Building Area: See Agent
Gross Land Area: 9.12 Acres
Sale Price: $3,150,000
Unit Price: $31.32 PSF
Property Use Type: Investment, Business
Building Name: High View Mini-Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 85
Last Updated: 3/8/2018

Overview / Comments

This package includes (#1) 398 concrete block self storage/RV units plus 15,000 sqft warehouse (High View Storage), (#2) 30,000 sqft tilt wall warehouse (Former Ray's Moving & Storage a TSP Carrier for GAFB) and (#3) 2.69 Acres of vacant land fronting Bryant. A Description of each shown below.

(1) High View Mini-Storage - The main office/operation known as Section 1 is located on Ben Ficklin with Section 2 on Fusselman (1 Block North). The property is fenced, gated and includes a 70' truck weighing station. There are a total of 398 concrete block units with size ranging from 5X10 up to 10X25 plus a row of RV storage units 12X36.

The storage operation also includes an additional warehouse portion (Warehouse #3 & #4) consisting of roughly 15,000 sqft, clear span block construction with 16' ceiling height. WHSE 3 & 4 are attached to Warehouse #1 (converted into 64 units included above) and Warehouse #2 (converted into RV storage). Section II on Fusselman contains 2 rows of additional warehouses (116 units), gated and fenced with the truck weighing station, Section II also has enough remaining fenced space to double the existing size. The Storage operations are priced at 8.5% CAP plus the additional vacant warehouse giving a total price of $1,790,000 for this portion. The storage operation will not be sold alone, this must be sold as a package or after the other 2 parcels.

(2) Ray's Moving & Storage - Physical address is 4606-4614 Petro Drive. There are 3 combined lots containing 30,000 sqft WHSE on 1.65 acres, fenced with asphalt parking throughout. There are 2 connected tilt wall warehouses - 4614 Petro known as Warehouse #6 measures 10,000 sqft (100X100) with 2 overhead doors each being 12X14, ceiling height 18.5'. Warehouse #6 does not currently have any electric or plumbing and was used completely for storage. 4610 Petro known as Warehouse #5 measures 20,000 sqft (100X200') with 3 overhead doors (12X14) and a small restroom at the front. 4606 Petro is a fenced yard with asphalt. The Transport/Storage Business is in the process of shutting down and will be completely available within a few weeks. Pricing is based on $30 per sqft, total price for this portion is $900,000. This portion can be sold separately.

3) Vacant Land - 2.69 Acres Fronting S. Bryant Blvd (HWY 87) - this is a rectangular parcel with 375' fronting Bryant, approximately 310' deep. Road frontage exists on 3 sides and the west boundary joins a portion of High View Storage. Utilities run to site, including fire hydrant on site. There is a Lamar billboard on the property with annual renewals. Pricing is based on $4.00 per sqft and a total price of $470,000.

Additional Details

Nearest MSA: San Angelo
County: Tom Green
Taxing Authority: Tom Green
Tax ID/APN: Multiple
Highway Access: Fronts HWY 87
Site Description: Well maintained through out. Asphalt paving on the entire property aside from vacant land. Fenced and gated for security.
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1977
Construction/Siding: Block, Concrete - Tilt up
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,660 52,243 82,909
Median Age: 29.58 33.76 35.14
Households: 3,042 20,248 32,306
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