This property is Off-Market

10501 Texas 198
Mabank, TX 75147 ·

26,671 SF · Industrial For Sale

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Advantage Store-N-Lock

Price N/A Cap Rate 7.50%
Building Size 26,671 SF Tenancy Multiple
Property Type Industrial Year Built 2000
Property Sub-type Self/Mini-Storage Facility Clear Ceiling Height 8 ft.
Property Use Type Investment Lot Size 3.09 AC
Listing ID: 18469312 Date Created: 12/03/2013 Last Updated: 03/07/2014

Description

Advantage Store-N-Lock is a 262 unit self-storage facility with 26,671 NRSF in Mabank, Texas. The facility features non-climate and climate controlled units as well as outdoor parking spaces for vehicles, boats and rv' s. The total lot size is +/- 3.09 acres - which includes +/- 0.5 acres for expansion. Advantage Store-N-Lock was built in 2000 and expanded in 2003 & 2008

Construction highlights include concrete driveways, steel framing, metal buildings and metal screw down roofs. The facility is equipped with security cameras, exterior lighting, perimeter fencing and gated entry with keypad access. There is an on-site manager' s office with ample space for retail sales. Additionally, there is an on-site one bedroom apartment with an updated kitchen and bathroom.

Advantage Store-N-Lock is a pride of ownership facility as evidenced by its cleanliness and quality of construction. There is no deferred maintenance on the property. At 94% occupancy, a new investor can take advantage of the expansion room to add additional units and rent the on-site apartment.

Advantage Store-N-Lock is located on State Highway 198 , a major thoroughfare through Mabank providing access to Payne Springs, TX. The facility is located within five miles of Cedar Creek Reservoir, which is the fourth largest lake in Texas, with over 320 miles of shoreline. Pinnacle Golf & Boat Club and Enchanted Oaks are two large residential communities with close proximity to the facility. Additionally, Advantage Store-N-Lock is located 6.6 miles from US 175, a highway extending from Athens to Dallas.

Highlights

  • 2000 Construction, 2003 & 2008 Expansion
  • Gated Entry With Keypad Access
  • Perimeter Fencing, Concrete Driveways & Security Cameras
  • +/- 0.5 Acres of Expansion Room Included
  • On Site Manager's Office & Apartment
  • Located 60 Miles Southeast of Dallas, TX

Research

10501 Texas 198, Mabank, TX 75147 (Kaufman County)

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