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2604 W Expressway

2604 W Expressway 83 | Mission | Texas | 78572 Back to Properties


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Confidentiality Agreement

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Property Highlights

    • $850,000
    • Prime Frontage on IH-2 (67,867 VPD)
    • Full Equipped On-site Office, Security Cameras & Perimeter Fencing
    • McAllen/Edinburg/Mission MSA (5th Largest in Texas)
    • 5 Miles Population - 136,846
    • Average Unit Size - 139 Sq. Ft.

Property Details

  • Price: $850,000
  • Transaction Type: For Sale
  • Property Type: Specialty
  • Property Sub Type: Self-Storage
  • Building Size: 24,100 SF
  • Lot Size: 1.41 AC AC
  • Sale Type: Investment
  • Building Class: C
  • Year Built: 1996
  • No. Stories: 1
  • Zoning Description: RS
  • APN/Parcel ID A1700-03-000-0244-00
Heating: No

Property Description

A+ Storage Mission is a pride of ownership self-storage facility located in the booming Rio Grande Valley City of Mission, Texas. McAllen/Edinburg/Mission is the 5th largest MSA in Texas as of the 2010 U.S. Census. The facility features all paved asphalt driveways, perimeter chain link fencing, large on-site office and gated keypad access.

There are a total of 169 units ranging in size from 5×10 to 10×30. Additionally, there is a 700 square foot warehouse currently vacant but available for rent and a significant value-add opportunity for the next owner. Current physical occupancy is 63% and economic occupancy is only 45%.

The average unit size 139 square feet. Mission, Texas is located along Expressway 83 – a major east-west road through the Rio Grande Valley. The facility has excellent frontage and visibility on Exp 83 with traffic counts of 67,867 vehicles per day. The area surrounding A+ Storage Mission is densely populated with 72,677 people in a three-mile radius.

New ownership will be able to achieve double digit cash on cash returns by brining physical and economic occupancy to market average. Priced at $850,000, A+ Storage is an attractive $35 / NRSF – well below replacement cost.

Tenant Information

Tenant SF Occupied Lease End Date
A+ Storage Units: 23,760 12/25/2020
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Property Amenities

  • Property Manager on Site
  • Storage Space
  • Signage

Nearest Airport

McAllen Miller International Airport
Drive Time: 15 min
Distance: 9.7 mi

Financial Summary (Actual - )

Annual Annual Per SF
Gross Rental Income: - -
Other Income: - -
Vacancy Loss: - -
Effective Gross Income: - -
Net Operating Income: $36,554 0.72