3794 Ganzer RdDenton, TX 76207

For Sale
$2,750,000
High-Growth Self Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Class A self-storage facility, completed in 2024, presents a compelling value-add opportunity in Denton, Texas's thriving DFW growth corridor. Boasting 62,520 square feet across 13 single-story buildings, this property features 120 units designed for boat and RV storage, each averaging 521 square feet. Currently operating at 53% occupancy, the facility generates a current NOI of $85,949, with a projected NOI of $260,000 based on pro-forma calculations. The property sits on a 6-acre lot and offers automated operations, minimizing operational overhead. The asking price is $2,750,000, representing a current cap rate of 3.13% and a pro-forma cap rate of 9.45%. The strategic location, just over half a mile from Highway 35 and surrounded by planned residential developments, ensures strong future growth potential. With an 18+ foot ceiling height and a gross lease structure, this property offers significant upside for the savvy investor. The price per unit is $22,917 and the price per square foot is $43.99. This is a turnkey operation ready for immediate income generation and significant future appreciation.

Highlights

  • New 2024 Class A self-storage facility in Denton, TX's DFW growth corridor.
  • 62,520 square feet across 13 single-story buildings with 120 boat/RV units averaging 521 square feet.
  • Currently 53% occupied, generating $85,949 NOI, projected to reach $260,000 NOI.
  • 6-acre lot with automated operations, minimizing overhead.
  • Asking price: $2,750,000; current cap rate 3.13%, pro-forma cap rate 9.45%.
  • Prime location near Highway 35, surrounded by new residential developments.

Property Details for 3794 Ganzer Rd

Property type
Marinas, Self storage facilities
Square Feet
62,520 SF
Class
A
Year Built
2024
Buildings
13
Stories
1
Lot Size (sq. ft)
261,360 SF
Units
120

Location Insight

City
Denton
County
Denton
State
Texas
Latitude
33.283574820069
Longitude
-97.191365858505
3794 Ganzer Rd, Denton, Texas

FAQs

What type of property is this?
Marina - High-Growth Self Storage Investment
Where is the marina located?
The property is located at 3794 Ganzer Rd Denton, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: New 2024 Class A self-storage facility in Denton, TX's DFW growth corridor.; 62,520 square feet across 13 single-story buildings with 120 boat/RV units averaging 521 square feet.; Currently 53% occupied, generating $85,949 NOI, projected to reach $260,000 NOI.
How can I contact the broker?
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3794 Ganzer Rd
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