INVESTMENT OFFERING
Seeking Funding Parnters
126-unit storage facility
Refugio, Texas
Occupancy……… 85%
Acres………....………… 2.55
Sqft…………..…….…. 14,700
Year Built………….. 2014
REFUGIO, TX
42 miles from Corpus Christi.
A small but bustling town with lots of rich history and an abundance of natural beauty. There are plenty of places to shop, dine, and explore. Residents enjoy the outdoors year-round with numerous parks, trails, and attractions. Just a quick 45-minute drive to Corpus Christi, a coastal city along the Gulf known for its sandy beaches, particularly at Padre Island National Seashore, offering a range of outdoor activities like fishing, swimming, boating, and surfing. .
Financial Highlights:
Avg Rate………..……….….… $97
2023 Gross…….….. $111,000
2023 Exp…………….… $19,000
2023 NOI…..…….…… $92,000
Price…….……..…...…. $900,000
Cap Rate…………………….. 10.2%
Exit Strategy:
Raise NOI to $112k over 3 years
to refi at a $1.4MM valuation.
Seller Financing Terms:
Price……..…...….… $900,000
Down PMT….… $375,000
Interest Only…….…….… 5%
Monthly……………….… $2,188
Term Length…… 3 years
Investment Overview
💎 Capital Required……….… $125k
💎 Annualized Interest…….….. 15%
💎 Monthly Payments…... $1,250
💎 Exit Strategy………... Refinance
💎 Principal Payback…... 36 mo.
💎 Lifetime Ownership……….. 10%
💎 Funds Required……….. Mar 22
Secured by:
Promissory Note &
Deed of Trust
w/ Personal Guarantee