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Self-Storage Facility

A-Affordable Storage Portfolio

14744 US Hwy 380, Prosper, TX 75078

Listing Price: $63,535,000

Cap Rate
1.00%
Occupancy
20.0%
Rentable SF
1,395,617
Price/Rentable SF
$45.52
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to offer the A-Affordable 11-Property Portfolio, an exceptional opportunity to acquire a network of storage facilities strategically located across the growing Dallas-Fort Worth, Austin and San Antonio regions. This extensive portfolio includes 1,395,617 square feet of net rentable space across 197.5 acres, featuring a range of storage and parking solutions with notable growth potential. The portfolio includes ten existing self-storage locations and a 4.2-acre vacant parcel with engineering plans and existing permits. Each of these properties are newer facilities, offering modern amenities such as well-appointed offices and full security features that enhance the tenant experience. Positioned to capture a substantial share of the boat and RV storage demand in these markets, the portfolio is uniquely set up for long-term returns.

With the entire portfolio at 19 percent physical occupancy, there is considerable room for an investor to drive additional lease-up activity and unlock further value. Additionally, the properties provide land and layout flexibility to accommodate future expansions based on demand, making this portfolio well-suited for investors with an eye toward growth. The A-Affordable Portfolio enables investors to acquire high-quality, newer assets below replacement cost with immediate income potential. The smallest facility in this portfolio has 221 units, while the largest features 452 units, giving a range of options to cater to different tenant needs.

Investment Highlights

  • Modern facilities with room for lease-up
  • High-quality assets below replacement cost
  • 11-property portfolio spanning 1,395,617 net rentable square feet

Exclusively Listed By

Financing By

Self-Storage Facility

A-Affordable Storage Portfolio

Listing Price: $63,535,000

Cap Rate
1.00%
Occupancy
20.0%
Rentable SF
1,395,617
Price/Rentable SF
$45.52
Year Built
2023

Investment Highlights

  • Modern facilities with room for lease-up
  • High-quality assets below replacement cost
  • 11-property portfolio spanning 1,395,617 net rentable square feet

Investment Overview

Marcus & Millichap is pleased to offer the A-Affordable 11-Property Portfolio, an exceptional opportunity to acquire a network of storage facilities strategically located across the growing Dallas-Fort Worth, Austin and San Antonio regions. This extensive portfolio includes 1,395,617 square feet of net rentable space across 197.5 acres, featuring a range of storage and parking solutions with notable growth potential. The portfolio includes ten existing self-storage locations and a 4.2-acre vacant parcel with engineering plans and existing permits. Each of these properties are newer facilities, offering modern amenities such as well-appointed offices and full security features that enhance the tenant experience. Positioned to capture a substantial share of the boat and RV storage demand in these markets, the portfolio is uniquely set up for long-term returns. With the entire portfolio at 19 percent physical occupancy, there is considerable room for an investor to drive additional lease-up activity and unlock further value. Additionally, the properties provide land and layout flexibility to accommodate future expansions based on demand, making this portfolio well-suited for investors with an eye toward growth. The A-Affordable Portfolio enables investors to acquire high-quality, newer assets below replacement cost with immediate income potential. The smallest facility in this portfolio has 221 units, while the largest features 452 units, giving a range of options to cater to different tenant needs.

Exclusively Listed By

Financing By

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