Financing Quote                            Self Storage Directory                               Change Your Ad Self Storage Facility For Sale in Texas Valley Best Self Storage 2601 West Roosevelt Harlingen, TX 78550   Price: $850,000 Number of Units:  303 Square Footage:  14,700 Acreage: 5 Gross Income: 126,148 Expenses: 18,993 Net Income: 107,155 Occupancy Percentage: 89%   Valley Best Storage is a 115-unit self storage facility with an additional 130 RV/storage parking. Located in Harlingen, Texas, this prime property offers 14,750 rentable square feet of storage (three buildings) in addition to an on-site office/ manager's apartment, full perimeter fence, security lighting, and wide asphalt drives. Built in 2004, this property's tenants are local businesses and "Winter" Texans. The facility benefits from extensive outdoor RV and Trailer parking which is well occupied year round. Local Market Conditions Harlingen, Texas, is one of the major cities in the Rio Grande Valley. Today, Harlingen's economy is centered on import/export to and from Mexico and is a major medical hub for the Rio Grande Valley, agriculture and the oil and gas industries. Harlingen is called the "Hub City" due to its geographical location between McAllen and Brownsville and proximity to Laredo and San Antonio. Market Vacancy The Harlingen self storage market remains in the upper 75 percent to 85 percent occupancy as a whole, however the Class B product fairs the best in the local market. Real Estate Collateral Physically, the self storage facility consists of reinforced steel and a steel roof. The property also consists of individually separated parking spots that seat RV’s, boats, agricultural equipment and heavy machinery. This fares well because of the surrounding mobile home park and RV parks that are seasonal in their occupancies. Property Physical Condition The property is currently in good physical condition. It is evident that the property is newer construction. Pro-Forma Pro-Forma returns account for higher salaries for on-site managers, off-site management expense, and replacements/reserves. At list the offering is approximately a 9.25% cap.     Contact: Nicholas Ling Marcus and Millichap Phone: 512-338-7825 Email: nling@marcusmillichap.com    Last Updated: June 29, 2011