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32748523
32748524

5 Locations

MR
SC SC 130383
Lindsey Self Storage
Listed by Lindsey Self Storage
$4,750,000
16 days on market
Updated 6 days ago

Brad's and Presto Self Storage

Details
APN R33381
Property Type Self Storage
Square Footage 101,256
Units 6
Year Built 1983

About This Property

Marketing description

This offering presents a two-property self-storage portfolio located in the strong West Texas markets of Odessa and Lubbock. The portfolio includes assumable in-place financing, providing investors with the potential benefit of favorable loan terms, reduced acquisition costs, and a more streamlined transaction process.

Presto Self Storage, located in Odessa, comprises approximately 47,916 net rentable square feet and serves a growing and resilient local customer base. Brad’s Self Storage, located in Lubbock, spans approximately 53,340 net rentable square feet across 315 units. The facility has recently implemented dedicated boots-on-the-ground management, which is expected to significantly improve day-to-day operations, leasing activity, customer service, and overall performance. This operational enhancement

creates a clear opportunity for investors to unlock additional value through improved

management efficiencies and increased occupancy.

Both properties benefit from established locations within stable West Texas markets supported by consistent demand drivers, population stability, and regional economic activity. Combined with the operational upside and assumable financing, this portfolio presents a compelling investment opportunity with immediate scale and long-term growth potential.

Investment highlights

PURCHASE PRICE: $4,750,000

The Portfolio Includes Assumable In-Place Financing

101,256 NRSF of Storage/Covered Parking/Office/Warehouse Across Six Locations

80,255 Traditional Drive Up NRSF Across 524 Units

Significant Management Upside

56% Total Unit Occupancy

Strong Demand Driven by 40,000+ Texas Tech Students and Dense Multifamily Housing

5601 N Dixie BLVD and 1900 FM 1936 Odessa, TX

5919 50th St., 5930 50th St, 5925 50th St., and 7304 Upland Ave. Lubbock, TX

Listing Contacts

MR
SC SC 130383
Lindsey Self Storage
Listed by Lindsey Self Storage

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