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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area

Property Description

Location - The property is situated along the north side of State Highway 276, just east of Interstate 30 in Rockwall, Rockwall County, Texas.

Acres - +/- 2.86 acres (124,468 square feet)

Traffic Count - +/- 81,300 VPD (I-30); +/- 30,700 VPD (SH 205); +/- 18,100 VPD (SH 276)

Utilities - Water and sewer services are provided by the City of Rockwall. Electric service is provided by Farmers Electric Cooperative. Natural Gas Service is provided by Atmos Energy.

Year Built - The facility opened for business in September 2016.

Construction Detail - The facility is comprised of a single four-story building. The foundation is reinforced concrete slab on grade. The supporting structure is steel framing supporting masonry wall construction. The building has a pitched metal roof.

Elevator Detail - The facility has two elevators with a capacity of 3,500 pounds.

Apartment - There is no apartment at the facility.

Office - The facility has a retail oriented customer service office which is approximately 500 square feet in size.  

Climate controlled - The facility is approximately 90% climate controlled.

Features and Amenities - The facility has electronic access control, secure fencing, 24-hour video surveillance, climate controlled units, drive-up units, surface parking units, elevator access to upper floors and a retail oriented customer service office.

Management - The property is professionally managed by CubeSmart.

Software - The facility uses storEDGE software for the management of tenants.  

Security - The facility is equipped with a 24-hour vidoe surveillance system.

Operation Hours - Office - Monday through Friday - 9:30 am to 6:00 pm; Saturday – 8:30 am to 5:00 pm; Sunday - 11:00 pm to 3:00 pm. Access - Monday through Sunday - 6:00 am to 10:00 pm

Investment Highlights

New Best in Class Construction - Rockwall Self Storage opened for business in September 2016 and was constructed to Class A standards with an assortment of modern features and amenities. The property out-positions its competitors due to its well-appointed design and curb appeal.  


Excellent Visibility to Over 130,000 VPD – As a result of its four-story construction, Rockwall Self Storage has excellent visibility to I-30 (81,300 VPD), SH 205 (30,700 VPD) and SH 276 (18,100 VPD). The property’s freeway/highway visibility provides a unique competitive advantage due to the fact that the City of Rockwall has recently enacted restrictions on new self storage development along major thoroughfares.


Strong Demographics with Projected Growth – There are over 38,500 residents with an average household income of over $106,800 within a three-mile radius of the property. The population is projected to grow at an annual rate of 2.45% over the next five years.


Abundance of New Residential Development – There are over 740 new single-family home sites and 430 new apartment units under construction within a three-mile radius of Rockwall Self Storage.


Thriving Dallas/Ft Worth MSA – Rockwall is situated in the northeast portion of the Dallas/Ft Worth MSA, less than a 30 minute drive from Downtown Dallas. With a population of nearly 7.5 million residents, the Dallas/Fort Worth (DFW) Metroplex ranks as the 4TH largest metro area in the country. 

Last Updated Date: 02 Nov 2020
Steve Mellon
Steve Mellon
Managing Director, Capital Markets
Brian Somoza
Brian Somoza
Managing Director, Capital Markets
License details
CA-01510519

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Last Updated Date: 02 Nov 2020

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