Storage Plus of Longview — Sale in Longview, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Longview, TX 75601
  • Year built: 1984

Photos

Storage Plus of Longview — Sale in Longview, TX, photo 1 of 2
Storage Plus of Longview — Sale in Longview, TX, photo 2 of 2

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Storage Plus of Longview Portfolio includes two self-storage facilities approximately 5.5 miles from one another in Longview, Texas. The properties sit on a combined +/- 5.54 acres of land, have eight single-story buildings consisting of 196 total units (192 drive-up non-climate, three outdoor parking spaces and one covered parking space) and a combined 50,105 NRSF. The facilities have numerous amenities including but not limited to video surveillance, gated entries with digital keycode access, roll-up doors, and asphalt driveways. The Pliler Precise Road facility has block construction and serves as the hub and features a full-service onsite manager’s office and residence. Investment Highlights: • BELOW REPLACEMENT COST // Entry point into one of East Texas' most economically dynamic mid sized cities at around $35/NRSF with an eight percent year two proforma cap rate. • TWO FACILITY, 196 UNIT PORTFOLIO TOTALING 50,105 NRSF // The properties are in infill Longview locations, positioned just 5.5 miles apart for operational efficiency and scale. • FULL SERVICE HUB AT PLILER PRECISE ROAD // Near high traffic corridors in prime North Longview area with Longview High School and the Longview Mall retail district in the trade area

Market Context

This commercial property in Longview, TX is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1984. Compare it against other commercial property listings for sale in Longview, TX — view the full market.

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