Self-Storage Facility
DK Discount Storage
6585 FM1417, Denison, TX 75020
Listing Price: $2,400,000
Investment Overview
DK Discount Storage provides investors with a contemporary self-storage asset in Denison, Texas, combining recent development, operational efficiencies, and clear paths for value creation. Originally constructed in 2019 and expanded in 2023, the property comprises 10 single-story buildings totaling 36,050 rentable square feet across 236 units, offering a mix of climate-controlled and non-climate-controlled spaces. Situated on 7.40 acres contained in one parcel, the site provides not only ample room for current operations but also meaningful opportunities for additional development. Notably, the property includes a 10,000-square-foot warehouse that could be converted into climate-controlled storage, creating an immediate avenue for value-add growth.
The facility is equipped with modern features such as 24-hour video surveillance, personalized keypad entry, and remote management systems, ensuring strong operational efficiency and tenant security. Priced at $2,400,000, DK Discount Storage represents a 6.20 percent Year One cap rate, with financial performance pointing to significant upside. Current pro forma projections anticipate net operating income growth from $148,913 in Year One to more than $221,000 as occupancy continues to stabilize.
The property benefits from the Sherman/Denison Metropolitan Statistical Area’s robust economic expansion. Located just 35 minutes north of Dallas, the region is being reshaped by over $40-billion in semiconductor investments from Texas Instruments and GlobalWafers, generating thousands of new jobs and fueling extensive residential and commercial development. Large-scale projects such as the 7,500-home Preston Harbor master-planned community, a nationally ranked Margaritaville resort, and the $600-million expansion of the Choctaw Casino and Resort in nearby Durant, Oklahoma, are further accelerating local growth. This combination of strong regional demand drivers and on-site expansion potential positions DK Discount Storage as a high-quality investment with immediate income stability and long-term appreciation potential.
Listing Price: $2,400,000
Investment Highlights
- Fully Remotely-Managed by Current Owner
- 7.40-Acre Site Provides Capacity for Future Expansion
- Only $66.57 Price per Rentable-Square Foot – Replacement Cost
- Located In A High-Growth Sherman-Denison Market With Strong Demographics
Investment Overview
DK Discount Storage provides investors with a contemporary self-storage asset in Denison, Texas, combining recent development, operational efficiencies, and clear paths for value creation. Originally constructed in 2019 and expanded in 2023, the property comprises 10 single-story buildings totaling 36,050 rentable square feet across 236 units, offering a mix of climate-controlled and non-climate-controlled spaces. Situated on 7.40 acres contained in one parcel, the site provides not only ample room for current operations but also meaningful opportunities for additional development. Notably, the property includes a 10,000-square-foot warehouse that could be converted into climate-controlled storage, creating an immediate avenue for value-add growth. The facility is equipped with modern features such as 24-hour video surveillance, personalized keypad entry, and remote management systems, ensuring strong operational efficiency and tenant security. Priced at $2,400,000, DK Discount Storage represents a 6.20 percent Year One cap rate, with financial performance pointing to significant upside. Current pro forma projections anticipate net operating income growth from $148,913 in Year One to more than $221,000 as occupancy continues to stabilize. The property benefits from the Sherman/Denison Metropolitan Statistical Area’s robust economic expansion. Located just 35 minutes north of Dallas, the region is being reshaped by over $40-billion in semiconductor investments from Texas Instruments and GlobalWafers, generating thousands of new jobs and fueling extensive residential and commercial development. Large-scale projects such as the 7,500-home Preston Harbor master-planned community, a nationally ranked Margaritaville resort, and the $600-million expansion of the Choctaw Casino and Resort in nearby Durant, Oklahoma, are further accelerating local growth. This combination of strong regional demand drivers and on-site expansion potential positions DK Discount Storage as a high-quality investment with immediate income stability and long-term appreciation potential.
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