for sale boat/rv/self-storage | possum kingdom …...a mix of 12’ x 30’ and 14’ x 40’ units,...

For More Information: Tawney Stedmano. 512 | 617 | 6363 c. 512 | 960 | [email protected]

FOR SALE Boat/RV/Self-Storage | Possum Kingdom Lake. TX

Price: $1,275,000

Property: 62 Unit Mix of 18-12’x30’ 44-14’x40’

(Newly Added) 720 SF Apartment Generating Nightly Rental Income, Sleeps 8

2 Income Generating Billboards at Highway Frontage

Land: 23.43+/- Acres of Land under Ranch Usage

Location: 2733 N. Highway 16, Strawn, Texas, 76475

Area: Conveniently located at the gateway on the main artery to Possum Kingdom Lake Community (Highway 16) and three of the major Possum Kingdom marina communities: Gaines Bend, The Cliff’s, and Bluff Creek at infamous Hell’s Gate. Visible highway frontage and adjacent to gas, food, & liquor.

Zoning: Subject property is located within Sportman’s World Community and subject to (minimal) HOA dues and guidelines.

Property Overview

Boat/RV/Self-Storage | Capella Commercial, LLC

Executive Summary

PROPERTY INFORMATION

A mix of 12’ x 30’ and 14’ x 40’ units, RV, and self-storagefacility is for sale. This facility stays near100% occupancyyear round with little turnover. All units are well kept withconcrete floors, electrical and lighting.

Leases are re-occurring month to month set up on anauto-pay system.

This is an ideal location near Possum Kingdom Lake onHighway 16, the main artery where patrons drive in fromthe east such as Fort Worth and Dallas to access the lake.Adjacent to Whataburger restaurant, convenience store,gas, and liquor.

Management is minimal. There is currently a nearbycontract employee to assist with the grounds and on-sitemaintenance. Owner manages incoming calls andpayments are automatically processed.

A nightly rental with HVAC was completed summer of 2016. Rental is a finished out, 2 bedroom apartment which sleeps 8. Built tofill the need of lodging on the east side of the lake and rollover guest quarters for residents of Sportsman’s World. Unit will rent for$175-$225 per night during summer months a conservative estimate of $6,000 per summer. Nightly lodging on this side of the lakeis minimal. Land would be suitable for nightly rental cabanas.

Two billboards are situated at the frontage of the property on either side. Quarterly billboard income is currently equal to $4,000per year.

**AFFILIATED OWNER IS A LICENSED REAL ESTATE AGENT


Upside Potential

This property is ideal for the investor who is looking for upside potential. Based on the current volume of incoming calls and occupancy level, it is determined the facility is turning away an estimated 20+ new customers per year. There is minimal marketing on this property. Current efforts include a chamber of commerce placement.

The facility is made up of two buildings situated on 23.43+/- acres of land which allows ample room for facility expansion and/or adding outside storage space, RV campsites, lodging, highway frontage retail/office, etc.

Based on current market conditions, it is our opinion rental rates can be increased over the next 12 months. An investor may consider adding 12’ x 35’ units which will accommodate any size boat suitable for trailer size. The current 14’ x 40’ size units can then be transformed into RV storage at a higher rate.

There is a newly constructed (2016) fully furnished two bedroom apartment on site which is currently being leased for summer nightly rentals and owner visits. The nightly rentals generate between $175 to $225 per night. There is septic system and fresh water system to the facility.


2015/2016 NOI

2015 2016

Storage Income $83,895 $97,567

Billboard Income $4,000 $4,000

Nightly Rental n/a included

TOTAL INCOME $87,895 $101,567

Taxes $10,020 $10,584

Insurance $5,088 $5,303

Utilities $436 $842

Facility/Grounds Maintenance, Pest Control

$2,400 $2,400

Misc (Phone, Internet, Advertising, office supplies)

$1,631 $1,403

Accounting $1,763 $1,142

Bank Service Charges $4,140 $3,170

TOTAL EXPENSES $25,478 $24,844

NOI $62,417 $76,723


* Full financials available upon request.

SURVEY

The Boat Ranch is located on 23.43+/- Acres of Highway frontage land. The facility is situated near the front 1/3 of the property with ampleroom for storage expansion and additional developments.


Location

Possum Kingdom lake is located approximately 60 miles west of Fort Worth, 70 miles, 90 miles west of Dallas, 70 milessouth of Wichita Falls, and 80 miles east of Abilene, Texas. The lake is a popular tourist destination and weekendgetaway which draws weekly boaters from the Dallas / Fort Worth metroplex, Lubbock, Wichita Falls, Abilene,Weatherford and other surrounding areas. The lake is known for it’s deep clear waters, beautiful cliff lined shorelinesand Hell’s Gate party cove.

The Red Bull Cliff Diving Competition is held in Hell’s Gate at Possum Kingdom Lake in July.

The Boat Ranch is located in Sportsman’s World Community, home of the scenic and infamous ‘Hell’s Gate’ cove. Possum Kingdom

firework show at Hell’s Gate


Location Maps

Austin Mixed-Use Development Opportunity | Capella Commercial, LLC

Site Aerial


11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

for sale boat/rv/self-storage | possum kingdom …...a mix of 12’ x 30’ and 14’ x 40’ units,...

Documents