Investment Overview

Ark Storage is a 48,660 rentable-square foot storage facility resting on two parcels encompassing approximately 2.50 acres in Garland (Dallas), Texas. The facility was built in two phases – the first in 1971, and the second in 1982 – and it features a wide variety of unit types and sizes – many of which cater to commercial and industrial tenants (the property’s average unit size is 580 rentable-square feet). In total, the unit mix is comprised of three climate-controlled units, 70 non-climate drive up units, two office / warehouse units, one office space, and seven uncovered parking spaces. Property features include garage-style roll up doors, personalized key-pad gated entry, 24-hour video surveillance cameras, paved driveways, and secured perimeter fencing. The property also benefits from the excellent accessibility provided by its infill location in a submarket that is currently being transformed into a bustling corridor of newly-constructed and newly-renovated industrial and commercial properties. In addition, the population within a three-mile radius of the facility is approximately 150,000, and the average household income approaches $75,000 annually. Offered for $3,550,000, the property offers new investors a stabilized, cash-flowing asset from day one. Furthermore, through incremental rental rate increases and further lease-up, unleveraged yields above 8 percent could be possible within just the first few years of ownership .