Self-Storage Facility
North Loop Mini Warehouses
2202 NE Loop 7, Athens, TX 75752
Listing Price: $2,000,000
Investment Overview
North Loop Mini Warehouses is a 277-unit self-storage facility totaling approximately 53,812 rentable square feet situated on approximately 7.67 acres in Athens, Texas. The current owners recently assumed operations after unexpectedly inheriting the property from a relative who had managed the facility under a very traditional mom-and-pop model for many years. As a result, the property has historically operated with minimal marketing, limited technology integration, and little emphasis on revenue management – creating a compelling opportunity for a new owner to implement professional management practices and unlock the facility’s full earning potential.
Strategically positioned along NE Loop 7, the primary traffic corridor surrounding Athens, the property benefits from strong visibility and convenient accessibility for tenants throughout the trade area. Traffic counts along the loop exceed approximately 12,800 vehicles per day, providing consistent exposure for the facility. Ownership also invested nearly $200,000 in capital improvements during 2024, including new asphalt across the entire property and upgraded LED security lighting – significantly improving the overall appearance, safety, and long-term durability of the asset. Athens is the commercial hub of Henderson County, and it supports a stable employment base anchored by healthcare, manufacturing, education, and regional retail services. Within a five-mile radius of the property, population has increased more than 12 percent since 2010 and continues to grow, supporting steady long-term demand for self-storage.
The property is offered at $2,000,000, equating to approximately $37 per rentable square foot – well below the cost required to develop a comparable self-storage facility today. Current physical occupancy of roughly 73 percent provides a clear path for revenue growth through improved leasing and more proactive management. In addition, the site’s 7.67-acre footprint provides meaningful room for future expansion, allowing a new owner to increase rentable square footage over time as the property stabilizes. With the implementation of modern revenue management systems, online leasing capabilities, and ancillary income programs such as tenant insurance and administrative fees, investors should be able to grow net operating income meaningfully without significant capital investment.
North Loop Mini Warehouses
Investment Highlights
- Below-Replacement-Cost Acquisition Basis – Offered at approximately $37 per rentable square foot.
- Clear Mom-and-Pop Operational Upside – Recently inherited from a long-time owner/operator who managed the property under a traditional mom-and-pop model.
- Recent $200K Capital Improvements (2024) – Ownership repaved all asphalt drives and upgraded LED security lighting in 2024.
- Lease-Up Opportunity with Below-Market Rents – Current physical occupancy is only 73%, and street rates remain 30% below market.
- Strong Visibility & Accessibility Along NE Loop 7 – Located on Athens' primary loop – 12,800 vehicles per day traffic count.
- Expansion Potential on ±7.67-Acre Site – Large footprint could be used for expansion as occupancy and demand continue to grow.
Listing Price: $2,000,000
Investment Highlights
- Below-Replacement-Cost Acquisition Basis – Offered at approximately $37 per rentable square foot.
- Clear Mom-and-Pop Operational Upside – Recently inherited from a long-time owner/operator who managed the property under a traditional mom-and-pop model.
- Recent $200K Capital Improvements (2024) – Ownership repaved all asphalt drives and upgraded LED security lighting in 2024.
- Lease-Up Opportunity with Below-Market Rents – Current physical occupancy is only 73%, and street rates remain 30% below market.
- Strong Visibility & Accessibility Along NE Loop 7 – Located on Athens' primary loop – 12,800 vehicles per day traffic count.
- Expansion Potential on ±7.67-Acre Site – Large footprint could be used for expansion as occupancy and demand continue to grow.
Investment Overview
North Loop Mini Warehouses is a 277-unit self-storage facility totaling approximately 53,812 rentable square feet situated on approximately 7.67 acres in Athens, Texas. The current owners recently assumed operations after unexpectedly inheriting the property from a relative who had managed the facility under a very traditional mom-and-pop model for many years. As a result, the property has historically operated with minimal marketing, limited technology integration, and little emphasis on revenue management – creating a compelling opportunity for a new owner to implement professional management practices and unlock the facility’s full earning potential. Strategically positioned along NE Loop 7, the primary traffic corridor surrounding Athens, the property benefits from strong visibility and convenient accessibility for tenants throughout the trade area. Traffic counts along the loop exceed approximately 12,800 vehicles per day, providing consistent exposure for the facility. Ownership also invested nearly $200,000 in capital improvements during 2024, including new asphalt across the entire property and upgraded LED security lighting – significantly improving the overall appearance, safety, and long-term durability of the asset. Athens is the commercial hub of Henderson County, and it supports a stable employment base anchored by healthcare, manufacturing, education, and regional retail services. Within a five-mile radius of the property, population has increased more than 12 percent since 2010 and continues to grow, supporting steady long-term demand for self-storage. The property is offered at $2,000,000, equating to approximately $37 per rentable square foot – well below the cost required to develop a comparable self-storage facility today. Current physical occupancy of roughly 73 percent provides a clear path for revenue growth through improved leasing and more proactive management. In addition, the site’s 7.67-acre footprint provides meaningful room for future expansion, allowing a new owner to increase rentable square footage over time as the property stabilizes. With the implementation of modern revenue management systems, online leasing capabilities, and ancillary income programs such as tenant insurance and administrative fees, investors should be able to grow net operating income meaningfully without significant capital investment.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
