2 Locations

Quik-Lok Mini Storage represents the opportunity to acquire two self-storage facilities located approximately seven miles apart in Dublin and Stephenville, Texas. Together, the portfolio consists of 33,850 rentable-square feet across 247 non-climate-controlled drive-up units situated on approximately eight acres. The Dublin facility was constructed in 2000, while the Stephenville location was developed in 2005. Both properties benefit from strong frontage and accessibility, with the Stephenville location positioned directly along US-377 and the Dublin facility centrally located within town near Highway-6 and directly across from the Dublin Police Department. The Stephenville site features perimeter fencing with a motorized gate and personalized keypad entry, while the Dublin location operates without fencing and includes the leasing office.

The portfolio benefits from a broad mix of residential, commercial, agricultural, and student users throughout the area. Tarleton State University, which now exceeds 21,000 students, continues to serve as one of the region's primary economic and population drivers and helps support year-round storage demand throughout Stephenville and the surrounding communities. Ownership has operated the facilities since inception, though over the past five years the day-to-day management responsibilities have largely fallen on the now 81-year-old owner. As a result, occupancy and revenues have gradually declined due to limited marketing, minimal technology integration, and a lack of modern revenue management practices despite continued underlying demand in the market.

Offered at approximately $35 per rentable-square foot, Quik-Lok Mini Storage provides investors the opportunity to acquire an under-managed "mom-and-pop" asset at a significant discount to replacement cost. The portfolio offers multiple avenues to create value, including increasing occupancy, implementing tenant insurance and ancillary income streams, improving operational efficiencies, and pushing rental rates closer to surrounding market levels. Additionally, approximately three acres of excess land provide future expansion potential, creating a compelling opportunity for investors seeking a manageable value-add project with meaningful upside.