Self-Storage Facility
Boardwalk Self-Storage
1415 Boardwalk NE, Paris, TX 75462
Listing Price: $2,200,000
Investment Overview
Boardwalk Self-Storage is a 36,673 rentable-square foot storage facility resting on four adjacent parcels encompassing approximately 5.14 acres in Paris, Texas. Built in 2014, the property features garage-style roll up doors, personalized key-pad gated entry, wide concrete driveways, perimeter fencing and lighting, and a diverse unit mix comprised of 50 climate-controlled units, 93 non-climate drive-up units, four enclosed boat/RV parking spaces, 12 covered parking spaces, 13 uncovered parking spaces, an office space, and an apartment. Additionally, there are approximately 2.5 acres upon which a new owner could expand the facility in the future. Boardwalk Self-Storage also benefits from its strategic location just off Loop 286, upon which more than 25,000 vehicles travel each day. As a result, physical occupancy often exceeds 95 percent during the peak leasing season and rarely dips below 85 percent during the fall and winter months.
Paris, Texas serves as the economic hub of Northeast Texas and benefits from a diverse employment base, with major companies like Campbell’s Soup, Kimberly-Clark, and Turner Industries providing stability and job growth. Additionally, its proximity to both the Dallas / Fort Worth Metroplex and Southern Oklahoma allows investors to tap into a broader customer base while benefiting from lower taxes and more affordable real estate compared to larger metropolitan areas. With a growing mix of homeowners, renters, students from Paris Junior College, and local businesses, demand for self-storage has been steady since the current owner purchased the facility in 2021.
Offered for $2,200,000, Boardwalk Self-Storage is the perfect investment vehicle for a variety of operators. To be sure, given that the Dallas-based owner has been successfully managing the property remotely from more than 100 miles away, a new “out-of-market” owner should have no problem preserving the facility’s existing, highly predictable income stream throughout their hold period. Alternatively, the facility’s expansion potential will resonate with those owners who prefer larger facilities that can be managed in the traditional fashion.
Listing Price: $2,200,000
Investment Highlights
- Only $59.99 Price per Rentable-Square Foot – Replacement Cost
- Strategic Location off Loop 286 – 25,000+ Vehicles per Day
- Opportunity for Expansion – Approximately 2.5 Unimproved Acres
- Fully Remote-Managed by Current Owner
Investment Overview
Boardwalk Self-Storage is a 36,673 rentable-square foot storage facility resting on four adjacent parcels encompassing approximately 5.14 acres in Paris, Texas. Built in 2014, the property features garage-style roll up doors, personalized key-pad gated entry, wide concrete driveways, perimeter fencing and lighting, and a diverse unit mix comprised of 50 climate-controlled units, 93 non-climate drive-up units, four enclosed boat/RV parking spaces, 12 covered parking spaces, 13 uncovered parking spaces, an office space, and an apartment. Additionally, there are approximately 2.5 acres upon which a new owner could expand the facility in the future. Boardwalk Self-Storage also benefits from its strategic location just off Loop 286, upon which more than 25,000 vehicles travel each day. As a result, physical occupancy often exceeds 95 percent during the peak leasing season and rarely dips below 85 percent during the fall and winter months. Paris, Texas serves as the economic hub of Northeast Texas and benefits from a diverse employment base, with major companies like Campbell’s Soup, Kimberly-Clark, and Turner Industries providing stability and job growth. Additionally, its proximity to both the Dallas / Fort Worth Metroplex and Southern Oklahoma allows investors to tap into a broader customer base while benefiting from lower taxes and more affordable real estate compared to larger metropolitan areas. With a growing mix of homeowners, renters, students from Paris Junior College, and local businesses, demand for self-storage has been steady since the current owner purchased the facility in 2021. Offered for $2,200,000, Boardwalk Self-Storage is the perfect investment vehicle for a variety of operators. To be sure, given that the Dallas-based owner has been successfully managing the property remotely from more than 100 miles away, a new “out-of-market” owner should have no problem preserving the facility’s existing, highly predictable income stream throughout their hold period. Alternatively, the facility’s expansion potential will resonate with those owners who prefer larger facilities that can be managed in the traditional fashion.
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