Investment Overview

The Double D Storage Portfolio consists of five separate self-storage facilities located throughout Monahans, Texas, plus a centralized leasing office serving the platform. The portfolio totals 529 units comprising approximately 64,200 rentable square feet and is currently 98 percent physically occupied, reflecting durable in-place demand. The unit mix is predominantly drive-up product (493 non-climate units) complemented by 36 climate-controlled units, with a strong concentration of 10x10 and 10x20 formats that cater to residential, contractor, and oilfield-related users. Ownership is based in Abilene, approximately three hours away, yet operations are supported by a capable on-site manager in Monahans who handles leasing, collections, lawn care, and minor repairs and maintenance. While the properties are well maintained and efficiently run, they have not yet fully implemented modern revenue management practices. A new owner has the opportunity to introduce dynamic pricing, automated rate increases, tenant insurance programs, online leasing optimization, call-center integration, and ancillary income initiatives. Given the portfolio’s high occupancy and established tenant base, even modest improvements in rental rate management and fee structure could meaningfully enhance top-line revenue without requiring major capital investment. Monahans serves as the county seat of Ward County and benefits directly from its proximity to the larger Midland–Odessa metro area. Located roughly 30 miles west of Midland and Odessa, Monahans functions as an accessible, cost-effective alternative for residents and businesses operating within the Permian Basin. Continued energy activity, oilfield services, and regional industrial presence support steady storage utilization across both residential and commercial tenant bases.