Industrial•Self Storage•For Sale

The Attic Self Storage

701 N 46th Street, Killeen, Texas 76543

Sale Price $2,825,000
Sale Type Investment
Bldg Type Multi-Tenant
Cap Rate 6.15%
Vacancy 85%
Gross Bldg 45,100 SqFt
Land Area 2.54 Acres
Net Op Inc $173,609
Market Killeen
The Attic is a Class A, 7 building, fully gated 403 unit (93 Climate Controlled now, easy to convert an additional 104 indoor hallway units with 2-5 ton a/c units) all ground level secure facility with Modern 2 story brick Office/Living building at the entry. The First story is the business office with storage and second story Managers unit is a Large one bedroom apartment home w/ full bath, walk-in closet, kitchen and utility room. KILLEEN TEXAS-68 miles North of Austin and 124 miles South of Dallas. Killeen is host to Fort Hood, the largest active-duty, armored US military base in the world which at one time housed around 95,000 people. A sprawling 340 square mile (878 square km) installation 50 miles south of Waco in northeastern Texas. Fort Hood is the largest single employer in the state. Based on data from the American Community Survey, in 2017 there were 6,377 households in the city. The homeowner vacancy rate was 0%, Fort Hood is now the largest active duty armored post in the U.S. Armed Forces. There are nearly 40,000 Soldiers who work on Fort Hood. The Soldiers of Fort Hood are infantrymen, cavalrymen, and tankers. They are engineers, mechanics and health care professionals. They are the life of Fort Hood. Their training gives Fort Hood its purpose, just as Camp Hood troops did back in 1942. They are part of what has made Fort Hood "The Great Place" for more than seven decades. About 25% of the workforce in Killeen is employed in sales and office occupations. Service workers comprise about 24% of the city's labor force. Approximately 21% of the workforce is employed in management, professional and related occupations. Shown below is a list of the leading employers in Killeen and the surrounding area: • Fort Hood(with contractors approxx.) 80,000 • Killeen Independent School District 6,000 • Central Texas College 1,486 • MetroPlex Hospital 1,200 • Fort Hood Exchange 1,100
  • BELOW MARKET RENTS
  • SELLER FINANCING-4% INTEREST ONLY
  • PRICED BELOW REPRODUCTION COST
  • 104 UNITS EASILY CONVERTIBLE TO CLIMATE CONTROL
  • GREAT LOCATION TO FORT HOOD, MULTIFAMILY & RESIDENTIAL POPULATION!!!
  • 24/7/365 ACCESS-VIDEO MONITORED-WEBSITE PAYMENT INTEGRATION SYSTEM
  • FAMILY TRUST LIQUIDATING-ON SITE MANAGEMENT WILL STAY IF REQUESTED
  • AUTHORIZED U-HAUL DEALER

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1/17/2020 12:00:00 AM 3/27/2020 4:40:41 PM
Daniel Eng
President | Broker
Sperry Commercial Global
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