For Sale
$800,000

503 1St StDiboll, TX 75941

117 Units, High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
124
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).

Property Details for 503 1St St

Property type
Warehouses, Mobile home & RV parks
Square Feet
110,817 SF
Year Built
1998
Buildings
5
Stories
1
Lot Size (sq. ft)
110,642 SF
Units
117

Location Insight

City
Diboll
County
Angelina
State
Texas
Latitude
31.1894004
Longitude
-94.7842906
503 1St St, Diboll, Texas

FAQs

What type of property is this?
Warehouse - 117 Units, High Occupancy, Strong NOI
Where is the warehouse located?
The property is located at 503 1St St Diboll, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
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.
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].
503 1St St
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