820 S Greenville Ave Allen, TX 75002

This property is an investment opportunity suitable for a passive investor, featuring minimal landlord obligations. Extra Space Storage manages the day-to-day activities, including property maintenance, and provides monthly financials and reports. The new construction reduces the likelihood of significant capital expenses in the near future. The property has demonstrated a 3% year-over-year increase in Net Operating Income, and a 162% increase in Net Operating Income compared to T-12 September 2021. The facility has maintained over 90% occupancy for three consecutive months, trending towards 92% to 94% stabilized, with a 12% 2023 year-to-date increase in occupancy. Monthly Net Rental Income has increased by $8,134 compared to September 2022. Extra Space Storage, following its merger with Life Storage, Inc., has become the largest storage operation in the U.S., holding 12% of the market share. The combined company is expected to have a pro forma equity market cap of approximately $36 billion and a total enterprise value of approximately $47 billion. The property is located at 820 S Greenville Ave, Allen, TX and has a property size of 80421 square feet.