Self-Storage Facility
The Storage Center + Expansion Land
3000 NE Main St, Ennis, TX 75119
Listing Price: $3,800,000
Investment Overview
The Storage Center is a 249-unit, 35,100 rentable-square-foot self-storage facility in Ennis, Texas, with 5.49 acres of expansion land on two contiguous offered at $3,800,000 with a current cap rate of approximately 6.11 percent. Built in 2004 and expanded in 2022, the facility is already running at 91 percent physical occupancy, delivering stable cash flow from day one. From there, a buyer has clear, low-cost paths to grow income — pushing rental rates, adding ancillary revenue, and leasing the two currently owner-occupied office suites — positioning the asset for a strong exit as net operating income (NOI) climbs.
Ennis continues to attract significant commercial investment and residential growth, giving that NOI growth real tailwind. Freshpet's Kitchen 3.0 expansion alone represents over $900 million in capital investment and 600+ new jobs, and Loloi, Inc.’s one-million-square-foot distribution hub is adding 380 more employment opportunities. Established employers such as GAF Materials and IKO/Decra maintain a presence along the city’s Interstate-45 corridor, and new home communities including Christian Meadows and Stonewyck Farms continue adding households nearby. Every new job and every new rooftop is a future storage customer — job growth and rooftop expansion together support sustained demand for self-storage throughout the submarket.
In addition to the storage facility, the aforementioned contiguous parcels totaling approximately 2.87 acres are available for purchase separately or with The Storage Center. The land is zoned for self-storage use and will be cleared by the seller prior to closing, offering a purchaser a head start on future expansion, subject to plat and site plan approval through the City of Ennis. The parcels are separated from the existing facility only by a neighboring Dollar General, placing any future expansion immediately adjacent to an established, stabilized operation.
The Storage Center + Expansion Land
Investment Highlights
- Strong In-Place Occupancy & Cash Flow – 91% physical occupancy provides stable day-one income
- Immediate, Fully Stabilized Asset – Storage offered at $3,300,000 and available for purchase independent of the expansion land
- Significant Commercial Investment Nearby – Freshpet's $900M+ expansion and Loloi's 1M+ SF distribution hub are adding 900+ new jobs to Ennis
- Growing Residential Base – Active new-home communities including Christian Meadows and Stonewyck Farms are adding households near the property
- Zoned Expansion Land – 2.87 contiguous acres, zoned for self-storage, cleared by seller prior to closing, available separately for $500,000
- Office Lease-Up Opportunity – Two on-site suites are currently owner-occupied and can be leased for additional revenue
- Excellent Access & Visibility – Convenient proximity to I-45 and surrounding corridors, with limited near-term capital needs following the 2022 expansion
Listing Price: $3,800,000
Investment Highlights
- Strong In-Place Occupancy & Cash Flow – 91% physical occupancy provides stable day-one income
- Immediate, Fully Stabilized Asset – Storage offered at $3,300,000 and available for purchase independent of the expansion land
- Significant Commercial Investment Nearby – Freshpet's $900M+ expansion and Loloi's 1M+ SF distribution hub are adding 900+ new jobs to Ennis
- Growing Residential Base – Active new-home communities including Christian Meadows and Stonewyck Farms are adding households near the property
- Zoned Expansion Land – 2.87 contiguous acres, zoned for self-storage, cleared by seller prior to closing, available separately for $500,000
- Office Lease-Up Opportunity – Two on-site suites are currently owner-occupied and can be leased for additional revenue
- Excellent Access & Visibility – Convenient proximity to I-45 and surrounding corridors, with limited near-term capital needs following the 2022 expansion
Investment Overview
The Storage Center is a 249-unit, 35,100 rentable-square-foot self-storage facility in Ennis, Texas, with 5.49 acres of expansion land on two contiguous offered at $3,800,000 with a current cap rate of approximately 6.11 percent. Built in 2004 and expanded in 2022, the facility is already running at 91 percent physical occupancy, delivering stable cash flow from day one. From there, a buyer has clear, low-cost paths to grow income — pushing rental rates, adding ancillary revenue, and leasing the two currently owner-occupied office suites — positioning the asset for a strong exit as net operating income (NOI) climbs. Ennis continues to attract significant commercial investment and residential growth, giving that NOI growth real tailwind. Freshpet's Kitchen 3.0 expansion alone represents over $900 million in capital investment and 600+ new jobs, and Loloi, Inc.’s one-million-square-foot distribution hub is adding 380 more employment opportunities. Established employers such as GAF Materials and IKO/Decra maintain a presence along the city’s Interstate-45 corridor, and new home communities including Christian Meadows and Stonewyck Farms continue adding households nearby. Every new job and every new rooftop is a future storage customer — job growth and rooftop expansion together support sustained demand for self-storage throughout the submarket. In addition to the storage facility, the aforementioned contiguous parcels totaling approximately 2.87 acres are available for purchase separately or with The Storage Center. The land is zoned for self-storage use and will be cleared by the seller prior to closing, offering a purchaser a head start on future expansion, subject to plat and site plan approval through the City of Ennis. The parcels are separated from the existing facility only by a neighboring Dollar General, placing any future expansion immediately adjacent to an established, stabilized operation.
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