2216 Denman AveLufkin, TX 75901

Property Details for 2216 Denman Ave

Year built

2022

Lot size

0.50 AC

Property size (Sq ft)

7,200 SF

Property type

Commercial real estate

APN

3465-375-001-002-00

APU

346537500100200

Description

This exceptional investment opportunity presents a portfolio of two Class B self-storage facilities in Angelina County, Texas. The portfolio comprises Lufkin Corner Storage (2216 E Denman Ave, Lufkin, TX 75901) and Angelina Storage (1403 N Main St, Huntington, TX 75949), both constructed in 2023 and situated approximately 10 minutes apart. The combined portfolio boasts 14,900 square feet of net rentable space across 97 units, currently operating at an 89% occupancy rate. The properties feature keypads, security cameras, and a mix of climate-controlled and non-climate-controlled units. Lufkin Corner Storage offers 36 climate-controlled units and serves a strong 5-mile population of 41,575, while Angelina Storage features 61 units (41 climate-controlled) and benefits from a high average household income of $79,989 within its vicinity. Both facilities present a value-add opportunity due to below-market rents, offering significant potential for revenue growth. The portfolio is offered at $1,200,000, representing a compelling $80.54 per square foot and an attractive 8.14% cap rate. The properties sit on a combined 1.886 acres of land. This is a rare chance to acquire a newly built, high-performing self-storage portfolio in a growing Texas market. The properties are ground-lease free.

• Alternative Use

  Use

  Valuation

  Residential

  $2,265,495

  Hospitality

  $2,075,181

  Educational

  $1,726,526

  Medical

  $1,785,904

  Retail

  $2,685,708

Location Insight

City

Lufkin

County

Angelina

State

Texas

Latitude

31.316

Longitude

-94.6946

CBSA code

31260

CBSA name

LUFKIN, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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