For Sale
$2,350,000

2645 Tx-322 Longview, TX 75603

Class A Storage, High Visibility, 7.56% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional Class A self-storage facility in Longview, Texas, presents a compelling investment opportunity. Built in 2023, the 30,600-square-foot facility boasts 145 units, including climate-controlled and boat/RV options. Situated on 1.84 acres with excellent visibility and accessibility on TX-322, it sees over 10,000 vehicles daily. The property features concrete driveways, an on-site manager's office, key-pad access, and 24-hour video surveillance. Its prime location near East Texas Regional Airport and Lake Cherokee further enhances its appeal. Currently operating at 45% occupancy (as of October 15, 2024), this facility offers significant upside potential. The asking price is $2,350,000, representing a replacement cost of only $76.80 per rentable square foot and a 7.56% cap rate. The modern amenities and construction quality allow for potential remote management, maximizing operational efficiency and profitability. This is a rare chance to acquire an investment-grade asset at its replacement cost in a high-demand market.

Highlights

  • Class A self-storage facility built in 2023.
  • High-visibility location on TX-322, with over 10,000 vehicles per day.
  • Asking price of $2,350,000, representing a $76.80 per square foot replacement cost.
  • Potential for remote management.

Property Details for 2645 Tx-322

Property type
Self storage facilities
Square Feet
30,600 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
80,150 SF
Units
145

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.380932607723
Longitude
-94.721655176969
2645 Tx-322, Longview, Texas

FAQs

What type of property is this?
Self storage facility - Class A Storage, High Visibility, 7.56% Cap Rate
Where is the self storage facility located?
The property is located at 2645 Tx-322 Longview, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Class A self-storage facility built in 2023.; High-visibility location on TX-322, with over 10,000 vehicles per day.; Asking price of $2,350,000, representing a $76.80 per square foot replacement cost.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2645 Tx-322
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message