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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34331629
34331630

4 Locations

DC
TX TX 635835
Marcus & Millichap - Fort Worth
Listed by Marcus & Millichap - Fort Worth
$3,500,000
5 days on market
Updated 5 days ago

The Storage Place - Abilene

Details
Property Type Self Storage
Square Footage 48,762
Units 434
Cap Rate 7.83%
Occupancy 88%
Pro-Forma Cap Rate 8.84%
Price per SqFt $72
Year Built 1984
Year Renovated 2025
Buildings 11
Acreage 16.800

4 Property Storage Portfolio in Abilene, TX | Only $72/SF - Below Replacement Cost

Marketing description

Strong Year-Over-Year Revenue Growth – May YoY Income Up Over 30%

Recent Expansion At Merkel Property – 44 Units Added In August 2025

Scaled Footprint Within Abilene Market – Providing Operational Efficiency and Coverage

Positive Economic Tailwinds In Abilene – Driven By Major Data Center Investment

Straightforward Upside For New Ownership – Occupancy And Rent Growth Expected During Hold Period

Investment highlights

The Storage Place is a four-property self-storage offering located in Abilene, Texas. Comprised of 434 units and 48,762 rentable-square-feet across a well-distributed market footprint, the assets are supported by a diverse economic base that includes education, healthcare, and military demand drivers.

Over the past three years, the current owner strategically assembled the portfolio and implemented a focused operating approach centered on improving occupancy, rental rates, and overall efficiency across the assets. The strategy proved to be effective, as revenue in May 2026 was 30 percent higher than it was in May 2025. Leveraging that momentum, as well as the recent unit expansion at the Merkel location, will allow a new owner to continue driving performance without the need for major operational changes.

At the macro-level, Abilene continues to see steady economic growth as the regional hub of West Central Texas. In fact, the market has recently attracted major institutional investment, including a multi-billion-dollar AI data center development that is expected to drive job creation and long-term population growth. This combination of property-level momentum and favorable market tailwinds presents a straightforward opportunity to realize strong cash flow and capital appreciation during the hold period.

Listing Contacts

DC
TX TX 635835
Marcus & Millichap - Fort Worth
Listed by Marcus & Millichap - Fort Worth

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Zoning

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Last updated Jun 4, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Danny Cunningham
License
TX 635835
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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