3917 FM 2147 W
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3917 FM 2147 W
14,497 SF Speciality Building Offered at £782,449 at a 7.78% Net Initial Yield in Cottonwood Shores, TX 78657
Executive Summary
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 Facts
| Price | £782,449 | Building Class | C |
| Price Per SF | £54 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 14,497 SF |
| Net Initial Yield | 7.78% | Number of Floors | 1 |
| Property Type | Speciality | Year Built/Renovated | 1971/2021 |
| Property Subtype | Self-Storage |
| Price | £782,449 |
| Price Per SF | £54 |
| Sale Type | Investment |
| Net Initial Yield | 7.78% |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 14,497 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1971/2021 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £135,724 | |
| Land Assessment | £135,872 | Total Assessment | £271,596 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£135,872
Improvements Assessment
£135,724
Total Assessment
£271,596
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3917 FM 2147 W
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