self storage for sale rw self storage - loopnet...806.839.6879 [email protected] tx...

10701 S. Coulter, Amaril lo, TX 79119

RW SELF STORAGE

SELF STORAGE FOR SALE

www.kwcommercial.com

KW COMMERCIAL10210 Quaker AvenueLubbock, TX 79424

JOHN [email protected] #0525671

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

PROPERTY OVERVIEWRW Self Storage is a Class A facility that was constructed in 2014and consists of (150) 10 x 20 drive up units totaling 30,000 NRSF,sitting on 3.92+/- Acres. This state of the art property features asecurity access Lift Master gate system, florescent pack lights, a fullyfenced perimeter, and 25 foot drives. RW Self Storage hastremendous upside potential in both its current occupancy and the2.0+/- acres of additional expansion land being offered. Ancillaryincome generators such as administrative fees, truck rentals, latefees, and tenant insurance could be implemented to improve overallgross income.

PROPERTY FEATURESClass A Property with Tremendous Upside Potential

New Apartments within 1.5 Miles

In-Line with Amarillo's Booming Growth Path

ALL SHOWINGS MUST BE ARRANGED THROUGH BROKERDO NOT CONTACT STAFF REGARDING SALE

SALE PRICE: $1,000,000

NET RENTABLE SQUARE FEET: 30,000

TOTAL UNITS: 150

PRICE PER NRSF: $33.33

YEAR BUILT: 2014

UNIT OCCUPANCY: 10%

http://www.kwcommercial.com

KW COMMERCIAL

10210 Quaker Avenue

Lubbock, TX 79424


Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Lubbock in compliance with all applicable fair housingand equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

AMARILLO, TX

PROPERTY OVERVIEWRW Self Storage is a Class A facility that was constructed in2014 and consists of (150) 10 x 20 drive up units totaling30,000 NRSF, sitting on 3.92+/- Acres. This state of the artproperty features a security access Lift Master gate system,florescent pack lights, a fully fenced perimeter, and 25 footdrives. RW Self Storage has tremendous upside potential inboth its current occupancy and the 2.0+/- acres of additionalexpansion land being offered. Ancillary income generatorssuch as administrative fees, truck rentals, late fees, andtenant insurance could be implemented to improve overallgross income.

RW Self Storage is in the direct residential and commercialgrowth path of Amarillo’s booming Southwest quadrant. Theresidential market of Amarillo has seen an increase in thenumber of single family and multi-family building permitsissued in 2017 versus 2016. Within a three-mile radius of thefacility the population growth over the last seven years hasgrown over 17.00%. The property is in close proximity to theGrey Hawk, Westover Village, and Coulter subdivisions andis within 1.5 miles of the recently developed Salt ForkApartments, a luxurious multi-family community offeringresidents Class A amenities. www.saltforkamarillo.com.

Amarillo has often been referred to as "Rotor City, USA" forits V-22 Osprey hybrid aircraft assembly plant. Amarillo isone of the largest meat packaging areas in the United Stateand is home to Pantex, the only nuclear weapons anddisassembly facility in the country. Amarillo has a number ofnatural attractions near the city including the Palo DuroCanyon State Park, the U.S.'s second largest canyonsystem, after the Grand Canyon. The current unemploymentrate in Amarillo, TX is 3.20% and future job growth over thenext ten years is predicted to be 36.10%. The MetroPopulation of this community is listed at 260,300 people witha cost of living at 4.70% below the national average. Forbesrecently listed the community as the 94th best small placesfor business and careers.


RW SELF STORAGE








RW SELF STORAGE






PROPERTY NAME: RW Self Storage

STREET ADDRESS: 10701 S. Coulter

CITY, STATE, ZIP: Amarillo, TX 79119

RENTABLE SQUARE FEET: 30,000

NUMBER OF UNITS: 150

LAND FOR EXPANSION: Yes

CLIMATE CONTROL UNITS: No

YEAR OF FACILITY OPENING: 2014

NUMBER OF BUILDINGS: 2

EXTERIOR CONSTRUCTION: Metal

INTERIOR CONSTRUCTION: Metal

DOORS: Metal Roll-Up

FOUNDATION: Concrete

PAVING: Concrete

ROOF: Metal Screw Down

FENCING: Chain Link

DRIVE WIDTH: 25+/- Feet

GATE: Chain Link

GATE SOFTWARE: Lift Master

SECURITY CAMERAS: No

SECURITY SYSTEM: Yes

FULLY ENCLOSED PERIMETER: Yes

LEASING OFFICE: No

ASSESSORS PARCEL NUMBER: R 044-2720-0260.0







RW SELF STORAGE







* Demographic data derived from 2010 US Census


RW SELF STORAGE


ETHNICITY 1 MILE 5 MILES 10 MILES

% HISPANIC 15.3% 12.0% 19.2%

RACE 1 MILE 5 MILES 10 MILES

% WHITE 89.7% 90.7% 85.5%

% BLACK 0.7% 1.7% 4.4%

% ASIAN 0.0% 1.0% 1.5%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.7% 0.6% 0.7%

% OTHER 5.0% 3.7% 5.4%

POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 281 55,268 189,813

MEDIAN AGE 34.9 38.3 35.1

MEDIAN AGE (MALE) 33.5 36.8 33.9

MEDIAN AGE (FEMALE) 35.9 39.7 36.6

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 88 21,946 74,594

# OF PERSONS PER HH 3.2 2.5 2.5

AVERAGE HH INCOME $80,395 $81,510 $64,824

AVERAGE HOUSE VALUE $244,357 $218,488 $147,235


11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

TAR 2501

Keller Williams Realty 0494693 - 806-771-7710

- - - -

Pam Titzell [email protected]

[email protected] Owens 806-441-4139

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self storage for sale rw self storage - loopnet...806.839.6879 [email protected] tx...

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