Self Storage Portfolio Investment
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Self Storage Portfolio Investment
3 Speciality Properties Offered at £2,503,840 in Multiple Locations
Investment Highlights
- 3-property portfolio consisting of 43,285 RSF - all drive up units
- Mom-and-pop-managed facility
- Stabilized occupancy at 78% with room to grow occupancy and rents
- 10.67 total acres, plenty of expansion acreage
- Conversion opportunity at existing warehouse
- to grow occupancy and rents Price offered below replacement cost
Executive Summary
Aspen Self Storage is a portfolio of 3 properties located in the Bridgeport and Chico submarkets in Wise County, approximately 1 hour northwest of Fort Worth, TX. The portfolio consists of 43,285 RSF of 379 drive-up storage units. The properties sit on 10.67 acres of total land (several of which could be utilized for expansion).
The location has excellent exposure off a main artery coming into Bridgeport from the 245 Highway 114 location.
This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage, grow the unit occupancy as well as grow existing rents.
The location has excellent exposure off a main artery coming into Bridgeport from the 245 Highway 114 location.
This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage, grow the unit occupancy as well as grow existing rents.
Property Facts
| Price | £2,503,840 | Number of Properties | 3 |
| Price / SF | £51.80 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 48,340 SF |
| Status | Active | Total Land Area | 10.65 AC |
| Price | £2,503,840 |
| Price / SF | £51.80 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 48,340 SF |
| Total Land Area | 10.65 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 261 Private Road 3333, Bridgeport, TX 76426 | Speciality | 18,000 SF | 1997 | - |
| 241 Highway 114, Bridgeport, TX 76426 | Speciality | 21,640 SF | 1985 | - |
| 601 Industrial, Chico, TX 76431 | Speciality | 8,700 SF | 2011 | - |
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Self Storage Portfolio Investment
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