Corner Cupboard Mini Storage is a 360 unit (43,475 NRSF) self-storage facility in Tyler, Texas. Tyler is located 95 miles southeast of Dallas, Texas. The facility is located 0.4 miles from Tyler High School, home to 2,047 students. Additionally, Corner Cupboard Mini Storage is located 0.5 miles from a Walmart Supercenter, Walgreens and Starbucks. Corner Cupboard Mini Storage features asphalt driveways, metal roofs, metal buildings and steel framing. Security features include perimeter fencing, gated keypad access and security cameras throughout the facility. The total lot size of the facility is +/- 3.16 acres.
The current physical occupancy is 77% (square feet). Occupancy levels and rental rates are 10% - 15% below
similar facilities in the submarket. A lack of advertising and marketing and management turnover have been
decreasing the performance of the facility. There have been three managers in the last twelve months. A new
investor can take advantage of better management and increase the occupancy and NOI. Priced at $1,900,000,
Corner Cupboard Storage yields a year one cap rate of 8.95%.