Two Storage Facilities Package
3818 N Town E Blvd Mesquite, TX 75150
For Sale
Contact for pricing
Two storage facilities with 273 units in Mesquite and Balch Springs.
Property Size34,420 SF
Lot Size2.51 Acres
Price / SF$104.59
Days on Market736
Property Features for 3818 N Town E Blvd
General Information
- Standard status
- Active
- Size
- 34,420 SF
- Lot size
- 2.51 Acres
- Property subtype
- Industrial, Self Storage
Listing Agency:
Caprice Michelle LLC
(214) 789-7364
Listed By:
Caprice Michelle · License #TX 9004701
Source:
Crexi
Added: Jul 22, 2024
Changed: Jul 6
Last Checked: Jul 26 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caprice Michelle LLC
Investment Insights
Based on property information with market context.
This is an opportunity to purchase two storage facilities and businesses as a package deal, totaling 273 units. The properties are located in Mesquite and Balch Springs, approximately 7 miles apart. The Mesquite location at 3818 N Town East has 200 units, an office, and an apartment, situated on 1.913 acres. The unit breakdown in Mesquite is as follows: twenty-one 5x5 units, fifteen 15x10 units, two 8x10 units, seventy-one 10x10 units, sixty-two 10x15 units, and twenty-nine 10x20 units. The Balch Springs location at 12504 Quail has 73 units on 0.60 acres, consisting of thirty-six 5x10 units, twenty-two 10x10 units, ten 10x20 units, and five 20x20 units. Currently, both locations are managed from the Mesquite office. The total property size is 34420 square feet.
Key Highlights
- Package deal: Two storage facilities and businesses included in the purchase.
- Total of 273 storage units across both locations.
- Prime Mesquite location with 200 units, office, and apartment.
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.6k | $14.40 |
| − Vacancy | −$39.7k | −$1.15 |
| EGI | $456.0k | $13.25 |
| − OpEx | −$136.8k | −$3.97 |
| NOI | $319.2k | $9.27 |
34,420 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$34.20M
$29.93M – $39.90M
NOI $2,394,127 @ 7.0% cap · market cap 66.50%
Second Best
Self Storage
$4.56M
$3.99M – $5.32M
NOI $319,197 @ 7.0% cap · market cap 8.87%
Theoretical Best
Specialty Retail
$92.35M
$80.81M – $107.74M
NOI $6,464,439 @ 7.0% cap · market cap 179.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Two storage facilities with 273 units in Mesquite and Balch Springs.
Where is this self storage facility located?
The property is located at 3818 N Town E Blvd Mesquite, TX.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Package deal: Two storage facilities and businesses included in the purchase.; Total of **273 storage units** across both locations.; **Prime Mesquite location** with 200 units, office, and apartment.
