Skip to main content

Self-Storage Facility

CubeSmart Self Storage (Managed)

3031 Equestrian Ln, Grand Prairie, TX 75052

Listing Price: $12,400,000

Cap Rate
5.02%
Number of Units
624
Occupancy
70.1%
Gross SF
93,970
Rentable SF
93,970
Price/Rentable SF
$131.96
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located at 3031 Equestrian Lane in Grand Prairie, Texas. The facility currently features 308 climate controlled units, 281 non-climate controlled units, 37 fully enclosed Boat/RV spaces, and four outdoor parking spaces that make up 93,970 net rentable square feet. The facility was opened in 2016 and is situated on 6.45 acres of land. The facility has had strong historical occupancy rates and is currently 84.76 percent physically occupied.

The property is within close proximity to Starbucks, CVS, Target and many other retail stores and popular restaurant food chains. In addition, there are also many apartment complexes and housing developments close by, with an approximate population of 294,767 within a five-mile radius of the facility.

CubeSmart Self Storage (Managed) is being offered for $12,400,000 or $131.96 per rentable square foot.

Investment Highlights

  • Fort Worth/Dallas MSA Class A Self-Storage Listing
  • Great Visibility from Recently Expanded TX-360 with 55,000 Cars Per Day
  • Multiple Entrances and Exits to the Facility
  • Upside Through Additional Boat/RV Conversion to Mini Storage
  • 96.09 Percent Physically Occupied

Exclusively Listed By

Self-Storage Facility

CubeSmart Self Storage (Managed)

Listing Price: $12,400,000

Cap Rate
5.02%
Number of Units
624
Occupancy
70.1%
Gross SF
93,970
Rentable SF
93,970
Price/Rentable SF
$131.96
Year Built
2016

Investment Highlights

  • Fort Worth/Dallas MSA Class A Self-Storage Listing
  • Great Visibility from Recently Expanded TX-360 with 55,000 Cars Per Day
  • Multiple Entrances and Exits to the Facility
  • Upside Through Additional Boat/RV Conversion to Mini Storage
  • 96.09 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located at 3031 Equestrian Lane in Grand Prairie, Texas. The facility currently features 308 climate controlled units, 281 non-climate controlled units, 37 fully enclosed Boat/RV spaces, and four outdoor parking spaces that make up 93,970 net rentable square feet. The facility was opened in 2016 and is situated on 6.45 acres of land. The facility has had strong historical occupancy rates and is currently 84.76 percent physically occupied.

The property is within close proximity to Starbucks, CVS, Target and many other retail stores and popular restaurant food chains. In addition, there are also many apartment complexes and housing developments close by, with an approximate population of 294,767 within a five-mile radius of the facility.

CubeSmart Self Storage (Managed) is being offered for $12,400,000 or $131.96 per rentable square foot.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower