Ross Self-Storage & Retail Lease Spaces-Pharr, TX

Description:

Executive Summary-Ross Self-Storage-Pharr, TX

Ross Self-Storage is a 4.25-acre Self-Storage facility located at 620 W. Ferguson Avenue (A/K/A FM 495) in Pharr, TX that offers an investor or owner-operator a mix of 236 self-storage units, a 1,400 square foot (SF) stand-alone office-showroom building, 7,500 SF of “mini-retail spaces”, open yard storage, and billboard income. Approximately 1-acre of the property is undeveloped and is partially used for vehicle and trailer storage rental spaces and gives a future owner an option to expand the self-storage facility with additional buildings.

The 32,900 SF self-storage units are metal building construction and are all non-climate controlled. The unit mix of the buildings is as follows:

Ross Self-Storage Unit Mix
Property Address: 620 W. Ferguson, Pharr, TX

Unit Size Unit SF # of Units Total SF of Unit Size

5 x 5 25 4 100
5 x 10 50 12 600
5 x 15 75 22 1650
10 x 10 100 93 9300
10 x 15 150 38 5700
10 x 20 200 52 10400
10 x 30 300 9 2700
10 x 40 400 6 2400

Totals 236 32,850

The metal self-storage buildings are comprised of the following building dimensions and labeling:

Building A-B: 30’ x 255’ = 7,700 SF
Building C-D: 20’ x 210’ = 4,700 SF
Building E-F: 20’ x 185’ = 3,700 SF
Building G-H: 20’ x 180’ = 3,600 SF
Building I-J: 20’ x 180’ = 3,600 SF
Building K-L: 40’ x 110’ = 4,400 SF
Building M-N: 30’ x 110’ = 3,300 SF
Building O-P: 30’ x 80’ = 2,400 SF

Total SF of Metal Buildings: 32,900 SF

The Gross Potential Income (GPI) at today’s street asking rates totals $19,520 per month and $234,240 per year.

The property’s stand-alone office-showroom building measures 1,400 SF (20’ x 70’) and is built of block construction. The space is currently leased to a photography business for $1,000 per month or $12,000 per year. The space could be used for office use or showroom/retail as the building sits at the front of the property with great exposure on Ferguson.

The self-storage business office is located in a block constructed 7,500 SF (30’ deep by 250’ wide) building that also includes ten (10) “mini-retail spaces” that are rented for a combined $3,650 per month ($43,800/year). Most of these small businesses have been tenants for ten years or longer. Current ownership/management also operates a pack and ship store within the storage business office and pays the property owners $350/month in rent. This pack and ship store will be closed upon a sale, unless new ownership would like to continue the business. (The $350/month in rent paid by the pack and ship store is excluded from the gross income numbers below).

Additionally, the property has one billboard on the property and is paying current owners $2,600/year ($216.67/month). The contract with the billboard company ends in October 2026. Bluebell Ice Cream also has been a long-term tenant that stores five (5) delivery trucks at the property, paying $86.60/vehicle/month or $433/month combined ($5,196 per year). On the remaining vacant land used for open lot storage of vehicles and trailers, the property has recently been averaging 16 occupied rental spaces that pay an average of $36.34/month totaling $581.39/month ($6,976.68/year).

Combining all gross income, the property has recently averaged $25,401.06/month or $304,812 per year. The asking price for the property is $2,250,000, and the Hidalgo County Appraisal District has raised the 2025 property value to $1,974,359, with an annual tax burden of $52,954.28. Year 2025’s valuation is still under appeal with ownership’s property tax consultant, and these numbers are subject to change.

Year 2024’s valuation was at $1.6 M and Year 2023’s valuation was at $1.550 M. The property tax rate for Pharr, TX is 2.6821%.

Please also see the attached unit mix breakdown that includes the current rental rates being charged at the property. For further information please call our office at 956-668-8790 or visit our websites at www.AztecRE.com and www.AztecCRE.com.


In Pharr, TX on the north side fo W. Ferguson approximately 1 mile west of US Interstate 69.

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