7304 Seymour Hwy
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7304 Seymour Hwy
32,352 SF Speciality Building Offered at £771,550 at a 12.69% Net Initial Yield in Wichita Falls, TX 76310
Investment Highlights
- New construction
- Extra land for expansion
- Enclosed storage units
Executive Summary
2 buildings With 25 Storage Units: 32,352 total sqft. Built 2021-2023
Bldg.1- 14,400 Sqft / 25- 12’ X 48’units
Bldg 2 17,952 Sqft / 25 - 14’ X 48’units
Land: Approx. 5.76 Ac
Lease Tenants: 50 Rv/ Boat Misc Storage Units
Term: 3 Mnths- 1 Yr. 24 Available Now. 26 Units still to BeCompleted (doors).
Unit Rental: $250/ Mnth.
Number Rented: 8
Pro Forma Gross Income: $150,000/ Yr
Landlord Nnn Expenses: $25,000/ yr
Approx. $11,000. / Yr Tax
Approx. $10,000/ Yr Ins
Approx. $4,000/ Yr Cam
Noi: $125,000
Cap Rate 12.69%
Sale Price: $985,000.
Price/ Sqft: $30.45
Misc: There is a Easement in With Entrance to Bobcat, Tenants Can Get to the Back Rv and Boat Storage Property.
Seller Has Built all 50 Units, but 25 units need the doors installed. Doors are there. Selling “AS IS”. No financial. Only a few leased.
Bldg.1- 14,400 Sqft / 25- 12’ X 48’units
Bldg 2 17,952 Sqft / 25 - 14’ X 48’units
Land: Approx. 5.76 Ac
Lease Tenants: 50 Rv/ Boat Misc Storage Units
Term: 3 Mnths- 1 Yr. 24 Available Now. 26 Units still to BeCompleted (doors).
Unit Rental: $250/ Mnth.
Number Rented: 8
Pro Forma Gross Income: $150,000/ Yr
Landlord Nnn Expenses: $25,000/ yr
Approx. $11,000. / Yr Tax
Approx. $10,000/ Yr Ins
Approx. $4,000/ Yr Cam
Noi: $125,000
Cap Rate 12.69%
Sale Price: $985,000.
Price/ Sqft: $30.45
Misc: There is a Easement in With Entrance to Bobcat, Tenants Can Get to the Back Rv and Boat Storage Property.
Seller Has Built all 50 Units, but 25 units need the doors installed. Doors are there. Selling “AS IS”. No financial. Only a few leased.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £771,550 | Lot Size | 5.76 AC |
| Price Per SF | £24 | Building Size | 32,352 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 12.69% | Year Built | 2021 |
| Property Type | Speciality |
| Price | £771,550 |
| Price Per SF | £24 |
| Sale Type | Investment |
| Net Initial Yield | 12.69% |
| Property Type | Speciality |
| Lot Size | 5.76 AC |
| Building Size | 32,352 SF |
| Number of Floors | 1 |
| Year Built | 2021 |
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PROPERTY TAXES
| Parcel Number | 101934 | Total Assessment | £415,149 |
| Land Assessment | £58,765 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £356,384 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
101934
Land Assessment
£58,765
Improvements Assessment
£356,384
Total Assessment
£415,149
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | GC |
| GC |
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7304 Seymour Hwy
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