1350 Tracy Lynn Street
Self Storage | Value Ad | 53,700 NRSF | $56.61 PPSF | Expansion Room
Marketing description
NLA Self-Storage Division is pleased to present AAA Storage, a 53,700 RSF self-storage facility located in Abilene, Texas. The property consists of 343 non-climate-controlled units on 5.09 acres, with unit sizes ranging from 50 to 465 square feet. The facility features a well-appointed on-site office, electronic gate access, and security systems. Existing improvements occupy only a portion of the site, offering meaningful expansion potential.
AAA Storage is offered at $3,040,000 ($56.61 PSF) and delivers a projected Year 1 NOI of $245,230, representing an 8.07% cap rate. The investment presents a clear value-add opportunity through implementation of tenant insurance, fee optimization, rent increases, and expansion of the existing footprint. A key driver of upside is the reduction of “other economic vacancy,” which currently reflects a disconnect between physical occupancy and collected revenue. Through improved management, reduced concessions, and tighter collection practices, ownership can materially increase effective gross income and overall asset performance.
Investment highlights
• 53,700 RSF self-storage facility with 343 non-climate units on 5.09 acres in Abilene, TX
• Offered at $3,040,000 ($56.61 PSF) with projected Year 1 NOI of $245,230 (8.07% cap rate)
• Significant value-add opportunity through rent increases, fee optimization, and tenant insurance rollout
• High “other economic vacancy” presents immediate upside through improved collections and operational efficiencies
• Existing improvements cover only a portion of the site, allowing for meaningful expansion potential
• Wide unit mix (50–465 SF) supports diverse tenant demand and pricing flexibility
• Well-maintained facility with on-site office, electronic gate access, and security systems
• Opportunity to increase effective gross income through tighter management and reduced concessions
• Located in a growing West Texas market benefiting from population and economic expansion
• Attractive basis well below replacement cost with clear path to stabilization and income growth
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