3211 116th St
Lubbock, TX 79423
Specialty Property For Sale · 30,600 SF

Here is a rare chance to own an established storage unit complex!!! With a great location and lots of room to expand, this one will be a money maker. With built in automated systems, a single part-time employee can easily manage the entire property with ease. This property includes 241 Storage Units on 10.03 acres, located right off of Indiana on 116th st. This property brings in around $15,500/month, but has potential to vastly increase income.The property consists of 4 buildings, including a full functioning office with restroom, security gates, cameras, and a large tract of land behind storage buildings. This property is surrounded by new developments in the quickly growing Lubbock Cooper ISD and will have a HUGE increase of demand in the near future. Occupancy rates for the units stay around 90% and there are several acres of unused land that could be used for expansion. The business is established and trusted by local consumers. The seller will leave current surveillance system and 40+ cameras with acceptable offer. Brand new 24 gauge metal roof in 2018! Seller has a survey. There is a tower on the back portion of the land that can me moved if new owners want to develop land. The owners will also entertain leasing a portion of the vacant land back to keep the tower in place, increasing the property's income immediately. There is a combination of climate controlled units, dust free units and non climate controlled units. Entire package is 10.03 acres. Call for more info or to schedule a viewing. Full financials will be provided to serious inquiries.