3917 Fm 2147, Cottonwood Shores, TX 78657
14,497 SF Specialty Building Offered at $1,100,000 at a 7.07% Cap Rate in Cottonwood Shores, TX 78657
For Sale
Active
Asking Price $1,100,000
- Property Type
-
Specialty
- Square Feet
- 14,497 SF
- Price / Square Foot
- $76
Listing Contacts
Tyler Peterson
Property Overview
Presenting a strategic investment opportunity at 3917 FM 2147 W, Cottonwood Shores, TX 78657. This property boasts a single-story flex design, renovated in 2021, housing 52 self-storage units within a total rentable square footage of 14,497. Conveniently located off FM2147, the property offers optimal visibility and accessibility.
Cottonwood Shores is a family-friendly community located on the Highland Lakes chain with an extensive Parks System including a Nature Preserve, two boat ramps; one for Lake Marble Falls and one for Lake LBJ; both constant level lakes. It is also a very quick drive to downtown Austin, TX.
88.5% occupied Cottonwood Shores, TX & 70% of tenants on auto-pay • Billboard lease provides additional income • Located between Horseshoe Bay and Marble Falls • Strong population growth includes residential and mixed use developments underway • High traffic intersection with high visibility • Cottonwood does not allow new or additional storage facilities. Competition is limited. • Occupancy over the last three years has been over 91%, even through regular price increases • City police headquarters nearby ensuring safety and highly patrolled area.
Cottonwood Shores is a family-friendly community located on the Highland Lakes chain with an extensive Parks System including a Nature Preserve, two boat ramps; one for Lake Marble Falls and one for Lake LBJ; both constant level lakes. It is also a very quick drive to downtown Austin, TX.
88.5% occupied Cottonwood Shores, TX & 70% of tenants on auto-pay • Billboard lease provides additional income • Located between Horseshoe Bay and Marble Falls • Strong population growth includes residential and mixed use developments underway • High traffic intersection with high visibility • Cottonwood does not allow new or additional storage facilities. Competition is limited. • Occupancy over the last three years has been over 91%, even through regular price increases • City police headquarters nearby ensuring safety and highly patrolled area.
Property Details
- Class
- C
- Year Built/Renovated
- 1971/2021
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 15,246 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].