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108 E 9th St - Cisco Storage
2,593 SF Speciality Building Offered at £158,288 at a 6.60% Net Initial Yield in Cisco, TX 76437
Investment Highlights
- Right off of main thoroughfare down town, easily accessible
- Automated systems in place for remote operation
- Newly renovated and built-out in 2022
- Stabilized and revenue generating
Executive Summary
The web domain/design files/logo etc. can transfer to Buyer if they want it and can be staged in a Dropbox folder. A unique URL like ciscostorage.com is not required to run the business as the management software comes with a website. We chose to build our own home page, but website support for the custom home page is not included in the sale.
The phone number can be transferred if desired.
SOPs to run management software and other technologies for the facility, will be included in the sale.
All equipment installed at the facility will be conveyed. There is nothing offsite that will be conveyed.
All extra locks, installed IT equipment, janitorial, and spare parts are included in the sale.
Software, Programs & Apps
List of all software, programs and apps currently implemented and necessary for business operations and corresponding expenses.
• Easy Storage Solutions ($160/mo)
o Management software for rentals
o Gate access
• NextLink Internet ($100/mo, cheaper contract options available)
• Ubiquity/Unifi for network and camera system ($15/mo for backup internet)
• Ecobee (Thermostat)
• MyQ (Garage door App)
• Ring Camera for Closet Security (optional)
• Venmo (optional, to pay facility assistant)
Roof Details
• New tube drains
• Primer all of the roof and parapet
• Apply 1-1.5 inches of Polyurethane Roofing Foam to all of the roof & parapets
• Apply 30 mil White Elastomeric coating to all of the roof and parapet
• 10 Year Guarantee
Property Facts
| Price | £158,288 | Property Subtype | Self-Storage |
| Price Per SF | £61 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Net Initial Yield | 6.60% | Building Size | 2,593 SF |
| Sale Conditions | Business Value Included | Number of Floors | 1 |
| Property Type | Speciality | Year Built/Renovated | 1930/2022 |
| Price | £158,288 |
| Price Per SF | £61 |
| Sale Type | Investment |
| Net Initial Yield | 6.60% |
| Sale Conditions | Business Value Included |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,593 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1930/2022 |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
About 108 E 9th St , Cisco, TX 76437
Turn-key, 2,500 sf climate controlled, 20 unit, self-storage facility available. This building was renovated and built-out in 2022 for it’s current use. Business is fully operational and stabilized, occupancy has sustained 85% or higher for the last 6 months. Online leasing and customer payment system, keypad access, and camera system in place. The facility is currently run remotely with strategic relationships in place for cleaning and maintenance. Located in the historical downtown area of Cisco, TX just off a main thoroughfare. Great opportunity to enter into the self-storage industry.
PROPERTY TAXES
| Parcel Number | 5282 | Improvements Assessment | £106,266 |
| Land Assessment | £1,193 | Total Assessment | £107,459 |
PROPERTY TAXES
zoning
| Zoning Code | F1 - Real Commercial |
| F1 - Real Commercial |
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108 E 9th St - Cisco Storage
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