Investment Overview

Hooks Mini Storage is a 39,100 rentable-square foot storage facility resting on approximately 4.06 acres in Hooks, Texas (Texarkana Metropolitan Statistical Area). Constructed in multiple phases between 1983 and 2018, the facility features garage-style roll up doors, wide concrete driveways, secured perimeter fencing and lighting, video surveillance cameras, and excellent visibility and accessibility along US-82, one of the town’s primary commercial / residential thoroughfares. The diverse unit mix comprises 22 climate-controlled units, 261 non-climate drive up units, one 2,500 square foot warehouse, two apartment units, and four uncovered parking spaces. Hooks, Texas is a suburb of Texarkana, and it is located just west of the Texas / Arkansas border. Two major employers in the area, AECOM – a global infrastructure consulting firm – and Red River Army Depot collectively support thousands of civilian, military, and military-adjacent jobs – creating a stable environment for self-storage operations. Additionally, Hooks serves as the half-way point between Dallas and Little Rock along Interstate-30, upon which more than 30,000 vehicles travel each day. Offered for $1,800,000, the facility is available below its replacement cost at only $46.04 per square foot. The clearest path for value-creation is via increasing physical occupancy to the submarket average. To be sure, the facility is only 74 percent occupied as of January 2025. The current-owner – who operates the facility remotely – has shifted his focus and energy toward several other ventures, and the storage facility’s operations have suffered as a result.