6520 N Mesa St - Mesa Self Storage - 188 Units
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6520 N Mesa St - Mesa Self Storage - 188 Units
30,520 SF Specialty Building Offered at $3,150,000 at a 6.35% Cap Rate in El Paso, TX 79912
Investment Highlights
- Prime Location with Two Access Points
- 10 Foot by 10 Foot Units: 73 Total
- Lease System Management in Place
- Total Units: 188
- 10 Foot by 20 Foot Units: 115 Total
- Renovated as of 2024
Executive Summary
This is a very stable real estate investment in west El Paso. Put your money to work while you can continue with your regular business and earn an additional $250,000.00 per year with minimum effort. Completely renovated in 2024 and will be sold as a turn-key operation.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$288,000
|
$9.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$288,000
|
$9.44
|
| Taxes |
$28,700
|
$0.94
|
| Operating Expenses |
$10,000
|
$0.33
|
| Total Expenses |
$38,700
|
$1.27
|
| Net Operating Income |
$249,300
|
$8.17
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $9.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $9.44 |
| Taxes | |
|---|---|
| Annual | $28,700 |
| Annual Per SF | $0.94 |
| Operating Expenses | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $0.33 |
| Total Expenses | |
|---|---|
| Annual | $38,700 |
| Annual Per SF | $1.27 |
| Net Operating Income | |
|---|---|
| Annual | $249,300 |
| Annual Per SF | $8.17 |
Property Facts
| Price | $3,150,000 | Building Class | C |
| Price Per SF | $103 | Lot Size | 1.95 AC |
| Sale Type | Investment | Building Size | 30,520 SF |
| Cap Rate | 6.35% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1977/2024 |
| Property Subtype | Self-Storage |
| Price | $3,150,000 |
| Price Per SF | $103 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 30,520 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1977/2024 |
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | X213-999-0000-1815 | Total Assessment | $927,670 (2023) |
| Land Assessment | $433,641 (2023) | Annual Taxes | $28,700 ($0.94/SF) |
| Improvements Assessment | $494,029 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
X213-999-0000-1815
Land Assessment
$433,641 (2023)
Improvements Assessment
$494,029 (2023)
Total Assessment
$927,670 (2023)
Annual Taxes
$28,700 ($0.94/SF)
Tax Year
2024
zoning
| Zoning Code | C2SC (Zoned C-2 Special Condition in the City of El Paso) |
| C2SC (Zoned C-2 Special Condition in the City of El Paso) |
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6520 N Mesa St - Mesa Self Storage - 188 Units
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