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23016968
23016983

3940 Samuell Blvd, Mesquite, TX 75149

Colliers - Nashville, Tennessee
Listed by Colliers - Nashville, Tennessee
$6,000,000
407 days on market
Updated 37 days ago

Store It All - Mesquite

Details
Property Type Self Storage
Sub Type storage
Square Footage 60,369
Net Rentable (SqFt) 58,889
Units 553
Cap Rate 5.98%
NOI $359,056
Occupancy 66%
Pro-Forma Cap Rate 6.75%
Pro-Forma NOI $404,741
Price per SqFt $99
Broker Co-Op False
Class B
Year Built 1984
Acreage 4.160
Investment Type Value Add

$6,000,000 | Seller Financing Available | Store It All Storage | 553 Units | 60,369 SF

Marketing description

Offering Website:

Colliers is pleased to present Store It All Self Storage – Mesquite, an attractive opportunity to acquire a well‑located, value‑add self‑storage facility within the highly populated and supply‑constrained East Dallas submarket. The property benefits from strong visibility, convenient access, and meaningful traffic exposure along a primary thoroughfare, allowing it to efficiently serve dense residential neighborhoods throughout Mesquite and the surrounding East Dallas area. With stable in‑place cash flow, below‑market rental rates, and multiple value‑creation levers, the asset is well suited for investors seeking near‑term income growth and long‑term appreciation. The availability of seller financing further enhances the opportunity by providing a compelling and flexible capital structure in today’s lending environment.

The facility sits on approximately 4.16 acres and is comprised of roughly 60,369 rentable square feet across 553 units. It consists of twelve single‑story metal buildings originally constructed in 1984 and is configured entirely as non‑climate‑controlled storage. Store It All offers a comprehensive set of tenant amenities, including secure sliding gate and keycode access, a professionally appointed management office with on-site two-bedroom manager’s quarters, extensive video surveillance coverage with thirteen cameras, wide concrete drive aisles, and enhanced security lighting throughout the premises.

Demographically, the trade area is well positioned to support long‑term performance. More than 341,000 residents live within a five‑mile radius, with a high concentration of renter households and steadily rising home values. Average household incomes exceed $90,000 within the broader trade area, reflecting a stable and diverse customer base. Importantly, self‑storage supply remains constrained, with total market saturation of approximately 8.23 square feet per capita, supporting continued occupancy strength and rental rate growth.

The asset is offered at $6,000,000, representing a basis of roughly $99 per rentable square foot, well below estimated replacement cost. In‑place net operating income totals approximately $359,000, equating to an in‑place cap rate near 6.0%. With improved occupancy, structured rent increases, and enhanced ancillary income, and the modeled seller financing, the purchaser should achieve a 7 year leveraged IRR that exceeds 20%.

A key differentiator of the offering is the availability of seller financing, structured to enhance returns and reduce upfront capital requirements. Proposed terms include 65% loan‑to‑value financing with an interest rate of 6.0%, featuring an initial two‑year interest‑only period followed by amortization on a 25‑year schedule and a seven‑year balloon. This structure allows investors to focus on stabilization and income growth during the early stages of ownership while benefiting from elevated cash flow.

In summary, Store It All Self Storage offers a compelling combination of in‑place income, value‑add potential, expansion opportunity, and favorable seller financing in a dense Dallas‑area infill location. The asset is well positioned to deliver resilient cash flow and long‑term value creation for private investors, operators, and 1031 exchange buyers.

Texas Broker of Record: Daniel Taylor - Colliers North Texas

Investment highlights

  • Dense Infill East Dallas Location - Located approximately 12 miles east of Downtown Dallas, the property serves a highly populated infill submarket with over 341,000 residents within a five‑mile radius, strong daily traffic exposure of roughly 15,300 vehicles per day, and limited availability of developable land, driving durable, localized demand for self‑storage.

  • Stable Value-Add Asset with Expansion Potential - The facility spans approximately 60,369 rentable square feet across 553 units on 4.16 acres, featuring single‑story, drive‑up access. Excess land at the rear of the site provides a rare opportunity for future expansion.

  • Attractive Basis with Clear NOI Upside - Offered at $6.0 million (~$99/SF), the asset is priced well below replacement cost. In‑place NOI of ~$359,000 (≈6.0% cap rate) is projected to exceed $400,000+ at stabilization through occupancy gains, rent optimization, and ancillary income growth.

  • Compelling Seller Financing Enhances Returns - Seller financing is available at 65% loan‑to‑value, with an interest rate of 6.0%, two years of interest‑only payments, 25‑year amortization thereafter, and a seven‑year balloon—creating an accretive capital stack and strong early‑year cash flow.

Listing Contacts

Colliers - Nashville, Tennessee
Listed by Colliers - Nashville, Tennessee

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$359,056.00
$29,921.33/mo

Valuation Metrics

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DSCR
5.98%
Cap Rate
5.98%
ROI

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Additional Information

Name
Daniel Taylor
License
474735
Brokerage
Colliers North Texas
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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