Units
382
Gross SQFT
61,360
Year Built
1980
Occupancy
75%
NOI
$178,623
Property Type
Self Storage
INVESTMENT HIGHLIGHTS
- Located in the DFW MSA – The 4th largest and fastest growing MSA in the U.S.
- Dense surrounding population with over 92,000 people living in a 3-mile radius, and over 215,000 people living in a 5-mile radius
- Value add opportunity through capital improvements and professional management
- Extremely affluent surrounding population with average household incomes above $146,000 in a 3-Mile Radius
- Strong population growth since 2010 at an annual rate of 1.80%, with projected population growth of 0.50% annually for the next 5 years
- Excellent visibility off US Hwy-377, which sees over 23,700 VPD
- 8 different housing developments in the pipeline within a 3-mile radius – totaling $467.5M in value and features more than 1,500 units
- Attractive stabilized yields in the 8%-9%+ range
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225