Port Isabel Self Storage

LAGUNA HEIGHTS
PORT ISABEL , TX 78597

Port Isabel Self Storage is located on Highway #100 in Laguna Heights, immediately West of the Port Isabel High School, adjacent to Port Isabel and only a few miles from South Padre Island. The facility sits on a two acre parcel and contains a total of seven storage buildings, some of which are in need of repair or replacement. The storage facility’s convenient location offers many alternate use possibilities, such as a motel, multi-family residential development or commercial.

Land :175.5’ x 518.5’ (average dimensions)
90,996 square feet
2.08 acres

Building : seven buildings – 40,550 square feet (approximately)


Income / Expense

2004   2005   2006
                 
Revenues $ 83,590   $ 75,806   $ 71,145
Expenses $ 34,994   $ 31,023   $ 28,523
NOI $ 48,596   $ 44,783   $ 42,622
                 
                 
                 
Taxes         $ 5,275
Insurance         $ 5,371

Features:

Sale Price: $350,000.00