Beaumont Storage with I-10 Frontage

575 I-10 South, Beaumont, TX 77701

Property Details

Building Size:27,583 SF
Property Type:Industrial
Property Sub-type:Self/Mini-Storage Facility
Property Use Type:Investment
Cap Rate:7.76%
No. Stories:1
Clear Ceiling Height:10 ft.
No. Dock-High Doors/Loading:0
Lot Size:2.14 AC
  • Fenced Yard
  • Location Description

    575 Interstate 10 South (just north of Hwy 90/College St & south of Hollywood Ave) with 93 lf of frontage and excellent Freeway visibility in the heart of Beaumont, TX.

    Financial Summary   
    Scheduled Gross Income$214,500
    Effective Gross Income$165,124
    Operating Expenses$89,488
    Net Operating Income$75,636
    Pre-Tax Cash Flow$20,644
    Debt & Equity Information   
    Debt TypeProposed
    Loan Amount$746,250
    Interest Rate5.50%
    Amortized Over25
    Due In5
    Annual Debt Service$54,992
    Down Payment$248,750
    Loan DescriptionProposed 75% loan at 5.5% for 25 years. Call in 5 years "Actual rates may vary"
    Craig Rice

    Craig Rice
    (281) 398-4588
    License: 398667

    CSD Realty Company
    4206 Spyglass Hills Drive
    Katy, TX 77450

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    Property Description

    Self-storage with 136 non-climate units , 47 units converted to climate controlled 2014, 4 office warehouse units and 6 outside parking spaces on Interstate 10 South in Beaumont, TX. Approximately 27,583 s.f. of improvements on 2.14 acres of land. Current SBA Lender requires windstorm coverage which costs $13,630/year - cash Buyer (self-insured) increases cap rate to over 8%!