This exceptional investment opportunity presents a portfolio of two well-maintained self-storage facilities located in Rosepine, LA, and Diboll, TX. The portfolio comprises 117 units totaling 11,950 net rentable square feet across five buildings situated on 2.54 acres. Built in 1978 and 1998 (with renovations in 1978, 1998, and 2013), these properties boast a remarkable 94% occupancy rate, generating a substantial NOI of $62,822 and a 7.85% cap rate. The Rosepine facility (63 units, 5,950 sq ft) enjoys convenient access to US Highway 171, while the Diboll facility (50 units, 6,000 sq ft) benefits from its proximity to US Highway 59, with high daily traffic. Both properties utilize Easy Storage management software, offering electronic rentals, online bill pay, and tenant insurance integration. The portfolio's strong performance, combined with the potential for rent increases and additional development on the existing land, presents a compelling value-add opportunity. A cell tower lease adds further income, generating $538 per month. The asking price is $800,000, or $6,837.61 per unit, with a price per square foot of $7.22. The properties are zoned for mini-warehousing.
Highlights
Two-property self-storage portfolio in Rosepine, LA and Diboll, TX.
High occupancy rate of 94%.
Strong NOI of $62,822 and 7.85% cap rate.
Turnkey operation with Easy Storage management software, including electronic rentals and online bill pay.
Value-add opportunity with potential for rent increases and additional development on 2.54 acres of land.
Supplemental income from a cell tower lease ($538/month).
This property features: Two-property self-storage portfolio in Rosepine, LA and Diboll, TX.; High occupancy rate of 94%.; Strong NOI of $62,822 and 7.85% cap rate.
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Contacts
Brandon Robinson
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1St St Diboll, TX 75941
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1St St Diboll, TX 75941
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503 1St St
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