1415 Boardwalk NE

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1415 Boardwalk NE

Paris, TX 75462
Asking Price
$2.00M
Cap Rate
7.65%
Asset Type
Self-storage
Class
Class B

What's Special

36,673 SF Remotely-Managed Storage Facility in Northeast Texas | Apx. 2.5 Acres of Unimproved Expans <ul><li>​Stable Occupancy with Immediate Revenue Upside – Historically strong occupancy with in-place rents below market, providing a clear path for rental increases</li><li>​Below Replacement Cost Basis (~$54.54 / RSF) – Acquire a well-built asset at a discount to today's construction costs</li><li>​Expansion Opportunity – Approximately 2.5 acres of excess land for future development</li><li>​Diverse Unit Mix with Broad Demand Appeal – Climate-controlled, non-climate, and parking units serving

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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