Self-Storage Facility
Iron Creek Storage
8724 FM1417, Denison, TX 75020
Listing Price: $5,200,000
Investment Overview
Iron Creek Storage is a newly developed, best-in-class self-storage facility strategically located along Farm-to-Market Road 1417 in Denison, Texas. Completed in 2023, the facility offers 86,295 rentable square feet across a strategic mix of climate-controlled units, non-climate drive-up units, and covered parking spaces. Built with steel-frame construction, metal exteriors, and secured by 24/7 video surveillance, gated access, and perimeter fencing, Iron Creek delivers tenants the convenience and safety expected of a modern storage property.
The facility remains in its early lease-up phase, offering investors a rare opportunity to acquire significant revenue upside at below-stabilized occupancy. Units are competitively priced relative to nearby facilities, positioning the property to capture demand quickly as new households and businesses enter the market. The large site layout allows for both operational efficiencies and future expansion potential. To ensure continued momentum and a seamless transition for a new owner, the seller recently engaged a nationally recognized third-party management company after shifting his focus to other business ventures.
The Sherman/Denison Metropolitan Statistical Area, located just 35 minutes north of Dallas, is undergoing a wave of transformative development. Texas Instruments and GlobalWafers have committed over forty billion dollars to new semiconductor campuses that will create three thousand direct jobs in a community of only 150,000 residents. In addition, thousands of residential and commercial projects are underway to support this growth, including the 7,500-home Preston Harbor master-planned community on Lake Texoma, a Margaritaville resort recently ranked the seventh largest upcoming development in the United States, and the Choctaw Casino and Resort’s six-hundred-million-dollar expansion in nearby Durant, Oklahoma, which added a 1,000-room luxury hotel. Together, these projects place Iron Creek directly in the path of growth, creating strong tailwinds for both immediate lease-up momentum and long-term value appreciation.
Listing Price: $5,200,000
Investment Highlights
- Fully Remotely-Managed by Current Owner
- Large 10-acre Site Provides Capacity For Future Expansion
- Only $60.26 Price Per Rentable-Square Foot – Replacement Cost
- Located in a High-Growth Sherman-Denison Market With Strong Demographics
Investment Overview
Iron Creek Storage is a newly developed, best-in-class self-storage facility strategically located along Farm-to-Market Road 1417 in Denison, Texas. Completed in 2023, the facility offers 86,295 rentable square feet across a strategic mix of climate-controlled units, non-climate drive-up units, and covered parking spaces. Built with steel-frame construction, metal exteriors, and secured by 24/7 video surveillance, gated access, and perimeter fencing, Iron Creek delivers tenants the convenience and safety expected of a modern storage property. The facility remains in its early lease-up phase, offering investors a rare opportunity to acquire significant revenue upside at below-stabilized occupancy. Units are competitively priced relative to nearby facilities, positioning the property to capture demand quickly as new households and businesses enter the market. The large site layout allows for both operational efficiencies and future expansion potential. To ensure continued momentum and a seamless transition for a new owner, the seller recently engaged a nationally recognized third-party management company after shifting his focus to other business ventures. The Sherman/Denison Metropolitan Statistical Area, located just 35 minutes north of Dallas, is undergoing a wave of transformative development. Texas Instruments and GlobalWafers have committed over forty billion dollars to new semiconductor campuses that will create three thousand direct jobs in a community of only 150,000 residents. In addition, thousands of residential and commercial projects are underway to support this growth, including the 7,500-home Preston Harbor master-planned community on Lake Texoma, a Margaritaville resort recently ranked the seventh largest upcoming development in the United States, and the Choctaw Casino and Resort’s six-hundred-million-dollar expansion in nearby Durant, Oklahoma, which added a 1,000-room luxury hotel. Together, these projects place Iron Creek directly in the path of growth, creating strong tailwinds for both immediate lease-up momentum and long-term value appreciation.
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