405 Fryers Creek Dr
Temple, TX 76504
Fryers Creek Storage · Specialty Property For Sale
·
21,055 SF
Investment Highlights
- Value-add storage facility with 65% unit occupancy
- 3-Mile Population of over 49,000 with compounded annual growth rate of 1.8% over the next 5 years
- Existing ownership has already upgraded the facility (security system, office, unit repair)
- Facility priced below replacement cost
Property Facts
| Property Type | Specialty | Building Size | 21,055 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built | 1985 |
| Lot Size | 1.50 AC | ||
| Zoning | C - Commercial | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 21,055 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Zoning | C - Commercial |
About 405 FRYERS CREEK DR , TEMPLE, TX 76504
Fryers Creek Storage is newly renovated, modern, clean and now more secure than ever before. After new ownership put emphasis on the storage customer’s experience, this previously mismanaged property is now state-of-the-art. Since acquiring the property, the facility has seen upgrades in security technology, lighting and gate access. In addition, the facility has been improved with newly asphalted and striped drives, repaired roofs, and upgraded doors when in disrepair. In addition, the ownership has cleaned up the operations of the property; delinquent units/spaces have been removed and they will start increasing the unit occupancies up over the last six months. Customers can now shop online through the facility’s website creating more automation for the next ownership. Now that the heavy lifting is done, Fryers Creek Storage is now poised to increase occupancies and revenues in the coming leasing season.
Property Taxes
| Parcel Number | 109078 | Improvements Assessment | $736,871 |
| Land Assessment | $97,879 | Total Assessment | $834,750 |
Property Taxes
