For Sale
$2,950,000
3116 9Th StTexarkana, AR 71854
High-Occupancy Self Storage Facility, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- Fee-simple, Class B self-storage facility totaling 45,050 square feet with 325 non-climate controlled drive-up units.
- Located on US-82 with 10,000 vehicles of daily traffic, near a densely populated residential area and 2.8 miles from Texarkana Regional Airport.
- Currently operating at 96.2% physical occupancy, offering significant upside potential through operational improvements.
- Strong value-add opportunity with below-market street rates (13% below market) and potential for revenue growth through online rentals, online bill pay, and rate adjustments.
- Asking price: $2,950,000 ($65.48/SF).
Property Details for 3116 9Th St
- Property type
- Land, Self storage facilities
- Square Feet
- 45,050 SF
- Class
- B
- Units
- 325
Location Insight
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Latitude
- 33.430692761989
- Longitude
- -94.007103474099
3116 9Th St, Texarkana, Arkansas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Land - High-Occupancy Self Storage Facility, Value-Add Opportunity
- Where is the land located?
- The property is located at 3116 9Th St Texarkana, AR.
- What is the asking price?
- The asking price for this property is $2,950,000.
- What are key features of this property?
- This property features: Fee-simple, Class B self-storage facility totaling 45,050 square feet with 325 non-climate controlled drive-up units.; Located on US-82 with 10,000 vehicles of daily traffic, near a densely populated residential area and 2.8 miles from Texarkana Regional Airport.; Currently operating at 96.2% physical occupancy, offering significant upside potential through operational improvements.
- How can I contact the broker?
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