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820 S Greenville Ave Allen, TX 75002

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For Sale
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High-quality self-storage facility managed by Extra Space Storage.

Property size:
80,421 SF
Lot size:
1.85 Acres

Property Features for 820 S Greenville Ave

General Information

Size
80,421 SF
Lot size
1.85 Acres

Source: InvestCore Commercial, Inc. Agent Ed Colson, Jr. CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Allen, TX Self-Storage Investment

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Extra Space Storage Self-Storage Facility

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Allen
County
Collin
State
Texas
Longitude
-96.6729589
Latitude
33.0875369

FAQs

What type of property is this?
Self storage facility - High-quality self-storage facility managed by Extra Space Storage.
Where is this self storage facility located?
The property is located at 820 S Greenville Ave Allen, TX.
What are key features of this property?
This property features: - Managed by Extra Space Storage, a best-in-class company.; - Significant increase in Net Operating Income: 162% increase compared to T-12 September 2021.; - **New, high-quality construction minimizes near-future capital expenses.**
More about this property
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