Listed by Franklin Street Tampa
$3,400,000
US Storage Centers (Managed)
Details
Property Type Self Storage
Sub Type 1
Net Rentable (SqFt) 41,610
Units 280
Year Built 1973
Buildings 6
Stories 1
Acreage 1.790
41,610 NRSF | 280 Units | $87.29/NRSF
Investment highlights
- Cash-Flowing Self Storage Facility With Upside Located in the Heart of the Dallas MSA
- Facility is Comprised of 280 Non-Climate Units Totaling 41,610 Net Rentable Square Feet and Currently Sits at 75% Physical Occupancy
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Recent Cap/Ex Improvements Include Major Roof Repairs, Office Renovation, New Dumpster Enclosure, New Security System, Plumbing Repairs, and Upgrades to Exterior Lighting
- Facility is an Excellent Candidate for Remote Management With Security Cameras, Automatic Gate, Keypad Entry, and Management Software Already in Place
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Very Strong Demographics Featuring a Population of 236,538 Residents and an Average Household Income of $127,026 Within Five Miles of the Property
- Dallas, Texas, is the 9th Largest City in the United States and is Home to 1,331,752 Residents
- The Dallas-Fort Worth-Arlington MSA is the 4th Largest in the United States and is Home to 8,344,032 Residents
Listing Contacts
Listed by Franklin Street Tampa
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