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9807 Mines Rd
Laredo, TX 78045
Specialty Property For Sale
·
47,830 SF
PROPERTY FACTS
| Property Type | Specialty | Building Size | 47,830 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 2014 |
| Lot Size | 5.67 AC | ||
| Zoning | F-1 | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.67 AC |
| Building Size | 47,830 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Zoning | F-1 |
AMENITIES
- Property Manager on Site
- Air Conditioning
ABOUT 9807 MINES RD , LAREDO, TX 78045
Marcus & Millichap is pleased to exclusively offer for sale Mines Road Self Storage in Laredo, Texas, the 10th largest city by population in the state of Texas. Consisting of 47,830 net rentable square feet on 5.67 acres, the facility maintains 139 non-climate-controlled units ranging from 25 square feet to 450 square feet and 148 climate-controlled units ranging from 25 square feet to 300 square feet. In addition, there are currently 30 mini offices which rent from $695 to $995 per month and 38 outdoor parking spaces. The subject sustains economic and physical occupancies of 90.2 and 88.5 percent, allowing an investor to benefit from the continuation of lease-up activity combined with rental rate growth across multiple unit types and sizes. Mines Road Self Storage boasts a projected leveraged IRR of 38 percent in year five. The property maintains a staff that prioritizes customer service and cleanliness; the facility is fully fenced, gated and lighted for safety. The property also offers reinforced concrete drives which can be easily maintained. Mines Road Self Storage offers excellent visibility from Mines Road, which witnesses an average daily traffic count of almost 45,000 vehicles. The subject is near two major thoroughfares; located one mile from Interstate 35, with traffic counts in excess of 101,000 vehicles per day, and 2,000 feet of Interstate 69W with daily traffic counts of 47,000 vehicles.
PROPERTY TAXES
| Parcel Number | 474704 | Improvements Assessment | $3,929,535 |
| Land Assessment | $2,260,465 | Total Assessment | $6,190,000 |
PROPERTY TAXES
