T and T Xtra Self Storage

Investment Overview

Value-Add Opportunity – Currently 69.9% physically occupied with no tenant protection in place, providing immediate upside potential. Limited Competition – Hugoton is a low-supply self-storage market with only 6.44 square feet per capita within a 5-mile radius and just two competing facilities, both of which are fully occupied. Below Replacement Cost – Offered at $34.04 per square foot, representing an attractive entry point below estimated replacement cost. Recent Capital Improvements – The current owner has invested significantly in the property, including installing new doors on more than 16 units that were previously inoperable and pouring new concrete floors in multiple units.

Investment Highlights

• Value-Add Opportunity – Currently 69.9% physically occupied with no tenant protection in place, providing immediate upside potential.
• Limited Competition – Hugoton is a low-supply self-storage market with only 6.44 square feet per capita within a 5-mile radius and just two competing facilities, both of which are fully occupied.
• Below Replacement Cost – Offered at $34.04 per square foot, representing an attractive entry point below estimated replacement cost.
• Recent Capital Improvements – The current owner has invested significantly in the property, including installing new doors on more than 16 units that were previously inoperable and pouring new concrete floors in multiple units.