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5141 Cromwell Dr
Kyle, TX 78640
Life Storage - Kyle · Specialty Property For Sale · 93,783 SF
PROPERTY FACTS
Property Type | Specialty | Building Size | 93,783 SF |
Property Subtype | Self-Storage | No. Stories | 1 |
Building Class | B | Year Built | 2015 |
Lot Size | 4.30 AC | Parking Ratio | 0.58/1,000 SF |
Property Type | Specialty |
Property Subtype | Self-Storage |
Building Class | B |
Lot Size | 4.30 AC |
Building Size | 93,783 SF |
No. Stories | 1 |
Year Built | 2015 |
Parking Ratio | 0.58/1,000 SF |
Amenities
- Property Manager on Site
- Air Conditioning
About 5141 Cromwell Dr , Kyle, TX 78640
Consisting of 41,283 net rentable square feet on 4.296 acres, the facility maintains 138 climate-controlled units ranging from 25 square feet to 300 square feet and 167 nonclimate-controlled units ranging from 16 square feet to 300 square feet. In addition, there are currently seven 12 x 30 mini offices and 23 outdoor parking spaces. The subject sustains economic and physical occupancies of 71 and 76 percent, allowing an investor to benefit from the continuation of lease-up activity. The subject currently offers rates below the market average on selected units and has room for expansion to add 52,600 gross square feet. Kyle Pkwy Self Storage & Mini Offices maintains a staff that prioritizes customer service and cleanliness; the facility is fully fenced, gated and lighted for safety. The property also offers concrete drives which can be easily maintained. Kyle Pkwy Self Storage & Mini Offices offers excellent visibility from Kyle Parkway which witnesses an average daily traffic count in excess of 30,000 vehicles. The subject is one-half mile from Interstate 35, which serves as a major thoroughfare and witnesses traffic counts in excess of 125,000 vehicles per day. The facility is situated in a high-growth corridor and is within close proximity to several residential zones, schools and national-retailers. There are 3,086 multifamily units within a three-mile radius of the property, an increase of 19.7 percent from the prior year. Likewise, 12-month absorption was 679 units, an increase of 494 percent compared to the prior 12-month period. The award-winning Plum Creek master-planned community is nearby. With over 1,700 homes, this community also has some of the most stringent on-street parking and outdoor storage restrictions in the area, which also drives storage demand.
Links
PROPERTY TAXES
Parcel Number | R138187 | Improvements Assessment | $5,467,580 |
Land Assessment | $1,768,420 | Total Assessment | $7,236,000 |
PROPERTY TAXES
Listing ID: 15976648
Date on Market: 5/7/2019
Last Updated:
Address: 5141 Cromwell Dr, Kyle, TX 78640
The Specialty Property at 5141 Cromwell Dr, Kyle, TX 78640 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.