Jourdanton’s Own Mini Storage

Jourdanton’s Own Mini Storage is a 15,465 square foot non-climate controlled facility located at 907 Simmons Ave in the center of Jourdanton, TX. The property was recently painted and has great curb appeal. Serving the Jourdanton and surrounding communities, the Jourdanton’s Own Mini Storage property has some room for further expansion. Currently, the property contains 82 total units with a small manager’s office.

The property currently is at 89% unit occupancy and 88% economic occupancy. The asking price for the property allows the owner to achieve a 1.28 debt service coverage ratio on standard financing for a deal of this size and location. The new buyer would be able to purchase this asset for less than $60 PSF.