Self-Storage Facility
The Storage Center
3000 NE Main St, Ennis, TX 75119
Listing Price: $3,500,000
Investment Overview
The Storage Center is a 35,100 rentable-square foot, 249-unit self-storage facility located less than one mile from Interstate-45 on approximately 2.6 acres in Ennis, Texas. Originally built in 2004 and expanded in 2022, the property consists of eight single-story buildings with metal construction and brick accents, concrete drive aisles, keypad-controlled gated entry, perimeter fencing, and 24-hour video surveillance. The unit mix includes 227 drive-up storage units, 20 uncovered parking spaces, and two on-site office suites. Current physical occupancy is approximately 97 percent excluding the owner-occupied office spaces, showing strong in-place utilization and steady tenant demand.
Offered for $3,500,000 at a year-one cap rate approaching 7.5 percent, the asset provides immediate cash flow with several practical paths to a higher net operating income. For example, in addition to rental rate increases and ancillary income opportunities, the two existing office suites could be leased to third-party tenants (the office suites are currently owner-occupied), offering a simple and visible way to increase revenue without new construction. Ennis continues to gain momentum along the I-45 corridor between Dallas and Corsicana, supported by ongoing housing development, expanding industrial and distribution activity, and steady commercial investment. These trends continue to support long-term storage demand throughout the area.
The Storage Center
Investment Highlights
- Strong In-Place Occupancy & Cash Flow – ~97% physical occupancy provides stable day-one income.
- Office Lease-Up Opportunity – Two on-site suites are currently owner-occupied and can be leased for additional revenue.
- Recent Expansion (2022) – Modernized footprint with limited near-term capital needs.
- Attractive Yield with Upside – Approximately a 7.5% year-one cap rate with potential for rent and income growth.
- Excellent Access & Visibility – Convenient proximity to Interstate 45 and surrounding corridors.
- Growing Ennis Market – Continued residential, industrial, and commercial development supporting demand.
- Multiple Value-Add Opportunities – Office lease-up, rent increases, and ancillary income potential.
Listing Price: $3,500,000
Investment Highlights
- Strong In-Place Occupancy & Cash Flow – ~97% physical occupancy provides stable day-one income.
- Office Lease-Up Opportunity – Two on-site suites are currently owner-occupied and can be leased for additional revenue.
- Recent Expansion (2022) – Modernized footprint with limited near-term capital needs.
- Attractive Yield with Upside – Approximately a 7.5% year-one cap rate with potential for rent and income growth.
- Excellent Access & Visibility – Convenient proximity to Interstate 45 and surrounding corridors.
- Growing Ennis Market – Continued residential, industrial, and commercial development supporting demand.
- Multiple Value-Add Opportunities – Office lease-up, rent increases, and ancillary income potential.
Investment Overview
The Storage Center is a 35,100 rentable-square foot, 249-unit self-storage facility located less than one mile from Interstate-45 on approximately 2.6 acres in Ennis, Texas. Originally built in 2004 and expanded in 2022, the property consists of eight single-story buildings with metal construction and brick accents, concrete drive aisles, keypad-controlled gated entry, perimeter fencing, and 24-hour video surveillance. The unit mix includes 227 drive-up storage units, 20 uncovered parking spaces, and two on-site office suites. Current physical occupancy is approximately 97 percent excluding the owner-occupied office spaces, showing strong in-place utilization and steady tenant demand. Offered for $3,500,000 at a year-one cap rate approaching 7.5 percent, the asset provides immediate cash flow with several practical paths to a higher net operating income. For example, in addition to rental rate increases and ancillary income opportunities, the two existing office suites could be leased to third-party tenants (the office suites are currently owner-occupied), offering a simple and visible way to increase revenue without new construction. Ennis continues to gain momentum along the I-45 corridor between Dallas and Corsicana, supported by ongoing housing development, expanding industrial and distribution activity, and steady commercial investment. These trends continue to support long-term storage demand throughout the area.
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