2564 N Marco Ave 30,570 SF Specialty Building Offered at $2,302,245 CAD in Odessa, TX 79762

SHIFT Storage Odessa is a 164-unit, 30,570 NRSF self-storage facility on 1.607 acres allowing for room to add an additional 4,000 NRSF. Current owner turned this property around and is now ready for new owner to continue to operate and raise rents and occupancy. Property has new gates, access control, security cameras, paint, extra lighting and is currently 77% occupied. True 7% cap rate based on July's rents and stabilized expenses. Next 12 months proforma NOI is $143,000 which is a 8.7% cap rate.
Extensively renovated in 2024 under current ownership, the facility features OpenTech electronic keypad-controlled gated entry, a fully fenced perimeter, and bright LED lighting throughout. The unit mix ranges from 10'x15' to 10'x40', serving both traditional self-storage tenants and contractor, oil field, and small-business users. Thirteen uncovered parking spaces accommodate vehicles, RVs, and boats.
An on-site apartment with a separate connected office allows an owner or manager to live on the property. Operations run on Cubby Self Storage Software with online rentals, payments, and real-time occupancy reporting.