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1200 Commercial st - T and T Xtra Self Storage 12,632 SF Specialty Building Offered at $430,000 in Hugoton, KS 67951
Executive Summary
Value-Add Opportunity: Currently 69.9% physically occupied with no tenant protection in place and many renters below street rates, providing immediate upside potential.
Limited Competition: Hugoton is a low-supply self-storage market with only 6.44 square feet per capita within a 5-mile radius and just two competing facilities, both of which are fully occupied.
Below Replacement Cost: Offered at $34.04 per square foot, representing an attractive entry point below replacement cost.
Recent Capital Improvements: The current owner has invested significantly in the property, including installing new doors on more than 16 units that were previously inoperable and pouring new concrete floors in several units.
Hugoton is the county seat of Stevens County, positioned near the Kansas, Oklahoma, and Texas borders in Southwest Kansas. Hugoton features a population of 3,700, but serves a much larger regional population for healthcare, retail, agriculture, and professional services.
Access to Major Regional Cities such as Liberal, KS (25 miles), Garden City, KS (70 miles), Guymon, OK (40 miles), Wichita, KS (220 miles), and Denver, CO (270 miles).
Limited Competition: Hugoton is a low-supply self-storage market with only 6.44 square feet per capita within a 5-mile radius and just two competing facilities, both of which are fully occupied.
Below Replacement Cost: Offered at $34.04 per square foot, representing an attractive entry point below replacement cost.
Recent Capital Improvements: The current owner has invested significantly in the property, including installing new doors on more than 16 units that were previously inoperable and pouring new concrete floors in several units.
Hugoton is the county seat of Stevens County, positioned near the Kansas, Oklahoma, and Texas borders in Southwest Kansas. Hugoton features a population of 3,700, but serves a much larger regional population for healthcare, retail, agriculture, and professional services.
Access to Major Regional Cities such as Liberal, KS (25 miles), Garden City, KS (70 miles), Guymon, OK (40 miles), Wichita, KS (220 miles), and Denver, CO (270 miles).
Property Facts
| Price | $430,000 | Building Class | C |
| Price Per SF | $34.04 | Lot Size | 3.27 AC |
| Sale Type | Investment | Building Size | 12,632 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1990 |
| Price | $430,000 |
| Price Per SF | $34.04 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.27 AC |
| Building Size | 12,632 SF |
| No. Stories | 1 |
| Year Built | 1990 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 135-22-0-20-02-003.00-0 | Improvements Assessment | $17,100 |
| Land Assessment | $4,225 | Total Assessment | $21,325 |
Property Taxes
Parcel Number
135-22-0-20-02-003.00-0
Land Assessment
$4,225
Improvements Assessment
$17,100
Total Assessment
$21,325
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1200 Commercial st - T and T Xtra Self Storage