For Sale
$2,900,000

10381 Farm To Market Rd 730 Azle, TX 76020

Profitable Self Storage Facility, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Azle, Texas, presents a brand-new, 13,500-square-foot self-storage facility built in 2023. This property boasts 90 units across three single-story buildings situated on a 7-acre lot with Commercial zoning. Currently operating at 49% occupancy, the facility offers significant upside potential with a pro-forma NOI of $292,000 and a pro-forma cap rate of 10.07%. The asking price is $2,900,000, translating to $214.81 per square foot. The property features two gated areas

Highlights

  • Brand-new, 13,500-square-foot self-storage facility in Azle, TX.
  • 90 units across three single-story buildings on a 7-acre commercially zoned lot.
  • Currently 49% occupied, offering significant upside potential.
  • $2,900,000 asking price ($214.81/SF), with a pro-forma NOI of $292,000 and a 10.07% pro-forma cap rate.
  • Features two gated access areas.

Property Details for 10381 Farm To Market Rd 730

Property type
Self storage facilities
Square Feet
13,500 SF
Year Built
2023
Buildings
3
Stories
1
Lot Size (sq. ft)
304,920 SF
Units
90

Location Insight

City
Azle
County
Wise
State
Texas
Latitude
32.9186258
Longitude
-97.5463885

FAQs

What type of property is this?
Self storage facility - Profitable Self Storage Facility, High Growth Area
Where is the self storage facility located?
The property is located at 10381 Farm To Market Rd 730 Azle, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Brand-new, 13,500-square-foot self-storage facility in Azle, TX.; 90 units across three single-story buildings on a 7-acre commercially zoned lot.; Currently 49% occupied, offering significant upside potential.
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.
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10381 Farm To Market Rd 730
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