mini-storage facility for sale la petite mini storage€¦ · la petite mini storage mini-storage...

8501 Stewart Rd., Galveston, TX 77551

LA PETITE MINI STORAGE

MINI-STORAGE FACILITY FOR SALE

PROPERTY OVERVIEW65 Unit self storage facility conveniently located at 8501 Stewart Rd.

in Galveston, Texas. This corner lot at Stewart Rd. and Yale St.

provides access from both streets with great drive thru for ease of

loading and unloading. Property is fenced for security. Multiple unit

sizes range from compact 5 X 10 to roomy 20 X 20 units.

PROPERTY FEATURES

Long Term tenants

Easily managed facility

Upside potential

Easy access from all of Galveston Island

Multiple size unit from 5 X 10 to 20 X 20 to

accommodate all needs

SALE PRICE: $500,000

PRICE PER UNIT: $7,692

CAP RATE: 7.01%

NOI: $35,036

LOT SIZE: 0.36 Acres

BUILDING SIZE: 7,000 SF

YEAR BUILT: 1969

CROSS STREETS: Stewart Rd @ Yale St.

KW COMMERCIAL950 Corbindale Road, Ste. 100Houston, TX 77024

www.kwcommercial.com

K. WAYNE LANDINBroker Associate | [email protected] #0202599 - TX #0505187

We obtained the information above from sources we believe to be reliable. However, we have not veri1ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 1nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.





* Demographic data derived from 2010 US Census




ETHNICITY 1 MILE 5 MILES 10 MILES

% HISPANIC 15.1% 35.0% 31.1%

RACE 1 MILE 5 MILES 10 MILES

% WHITE 80.5% 66.8% 67.7%

% BLACK 9.9% 21.4% 21.0%

% ASIAN 4.5% 2.2% 3.1%

% HAWAIIAN 0.0% 0.0% 0.1%

% INDIAN 0.7% 1.0% 0.7%

% OTHER 2.6% 6.3% 5.2%

POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 3,000 37,725 60,412

MEDIAN AGE 37.7 36.8 37.4

MEDIAN AGE (MALE) 35.9 35.8 36.9

MEDIAN AGE (FEMALE) 38.4 37.4 37.7

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 1,332 15,880 25,810

# OF PERSONS PER HH 2.3 2.4 2.3

AVERAGE HH INCOME $81,354 $51,046 $53,672

AVERAGE HOUSE VALUE $481,926 $265,887 $197,272

INVESTMENT OVERVIEW

Price $500,000

Price per SF $71.43

CAP Rate 7.0%

Cash-on-Cash Return (yr 1) 7.01 %

Total Return (yr 1) $35,036

OPERATING DATA

Gross Scheduled Income $67,860

Other Income -

Total Scheduled Income $67,860

Vacancy Cost $3,393

Gross Income $64,467

Operating Expenses $29,431

Net Operating Income $35,036

Pre-Tax Cash Flow $35,036

FINANCING DATA

Down Payment $500,000

Comment: The information above is a pro-forma based upon a 95% occupancy at the current rent schedule.








KW COMMERCIAL

950 Corbindale Road, Ste. 100

Houston, TX 77024


Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Houston Memorial in compliance with all applicable fairhousing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

GALVESTON, TX

� � � �

11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any oīer to or counter-oīer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a diīerent license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

େ that the owner will accept a price less than the wriƩen asking price; େ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen oīer; and େ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

KW Commercial Texas Gulf 9000862 [email protected] 713.461.9393

Michael Bossart 588215 [email protected] 713.461.9393

Michael Butler 131835 [email protected] 713.470.2100

Wayne Landin 202599 [email protected] 713.202.3604K. Wayne Landin 202599 [email protected] 713-202-3604

mini-storage facility for sale la petite mini storage€¦ · la petite mini storage mini-storage...

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