For Sale
$1,500,000

1211 Tarrant St Bowie, TX 76230

Three facilities, 216 units, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a portfolio of three self-storage facilities located in Bowie, Valley Mills, and Honey Grove, Texas. The portfolio totals 25,434 net rentable square feet and comprises 216 units across three single-story buildings. The asking price is $1,500,000, representing a price per square foot of $58.98. Currently operating at an 89.8% occupancy rate, the portfolio generates a Net Operating Income (NOI) of $123,569. Each facility offers unique value-add potential. The Bowie location, a well-established facility, boasts high occupancy and significant potential for revenue growth through optimized rate management. Valley Mills' facility, the only self-storage option in town, enjoys exceptionally high occupancy and substantial room for rent increases. Finally, the Honey Grove facility presents opportunities for expansion and increased occupancy through targeted marketing efforts. All three properties offer potential for additional income streams through ancillary services like tenant insurance and administrative fees, as well as the possibility of remote management to enhance efficiency and profitability. This portfolio is ideal for investors seeking a stable income stream with significant upside potential in a growing market. Individual facility purchase options are also available. Detailed financial information and property-specific data are available upon request.

Highlights

  • Bowie Central Storage: 95% physical, 98% economic occupancy; 76 non-climate, drive-up units; revenue growth potential via rate adjustments.
  • Valley Mills Self Storage: 98% physical, 99% economic occupancy; 71 non-climate, drive-up units; strong market position as the only facility in town; significant rent increase potential.
  • Honey Grove Self Storage: 72% physical, 73% economic occupancy; 69 non-climate, drive-up units; limited competition; expansion and marketing opportunities for occupancy growth.
  • Value-add opportunities exist through rate increases and improved revenue management across all properties.
  • Honey Grove location offers expansion potential for additional units.
  • Implement remote management to reduce operational costs and improve efficiency.

Property Details for 1211 Tarrant St

Property type
Self storage facilities
Class
C
Stories
1
Units
216

Location Insight

City
Bowie
County
Montague
State
Texas
Latitude
33.5536591
Longitude
-97.8369866

FAQs

What type of property is this?
Self storage facility - Three facilities, 216 units, strong ROI.
Where is the self storage facility located?
The property is located at 1211 Tarrant St Bowie, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Bowie Central Storage: 95% physical, 98% economic occupancy; 76 non-climate, drive-up units; revenue growth potential via rate adjustments.; Valley Mills Self Storage: 98% physical, 99% economic occupancy; 71 non-climate, drive-up units; strong market position as the only facility in town; significant rent increase potential.; Honey Grove Self Storage: 72% physical, 73% economic occupancy; 69 non-climate, drive-up units; limited competition; expansion and marketing opportunities for occupancy growth.
How can I contact the broker?
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1211 Tarrant St
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