Investment Overview

903 Storage is a 14,400 net rentable-square-foot facility located in Bonham, Texas. The property sits on approximately 0.84 acres of land and consists of three single-story buildings that house 96 non-climate drive-up units. Built in 2018, the facility features garage-style roll-up doors, perimeter chain-link fencing, personalized keypad entry, and 24/7 video surveillance cameras. Additionally, 903 Storage benefits from its strategic location less than one-half mile from Highway 82, which sees over 8,500 vehicles each day. Bonham, Texas, is located 75 miles northeast of Dallas along US Highway 82, which serves as the primary connector between the major cities near the Texas / Oklahoma border. With a population exceeding 12,000, Bonham has been steadily growing year-over-year, and recent developments suggest the nearby population could expand dramatically over the next decade. For example, the recent opening of Bois d’Arc Lake (the only large reservoir built in Texas within the past 30 years) is poised to serve as a catalyst for economic growth throughout the foreseeable future. The 16,640-acre lake is among the 10 largest lakes in Texas, and it was created to service the water needs of the overflowing suburbs north of Dallas, especially those in Collin County. Offered for $1,025,000, 903 Storage is the perfect opportunity for investors seeking a reliable, steady revenue stream that is poised to grow systematically well into the future. To be sure, the purchase price represents a 7.13 percent cap rate based on the seller’s actual 2024 year-end income and expenses. Additionally, the facility can be operated without the need for on-site management, as the current owner (who lives in Dallas) has implemented the necessary technology to manage the facility remotely. As of February 2025, the facility is 96 percent physically occupied.