Two Storage Facilities Package
For Sale
Contact for pricing
3818 N Town E Blvd, Mesquite, TX 75150
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 Market826
Property Features for 3818 N Town E Blvd
General Information
Standard status
Active
Size
34,420 SF
Class
C
Lot size
2.51 Acres
Property subtype
Industrial, Self Storage
Zoning
Commercial -Industrial
Lease Type
Net
Investment Type
Value Add
Building Details
Year Built
1982
Stories
1
Units
273
Tenancy
Multi
Listing Agency:
Caprice Michelle LLC
Listed By:
Caprice Michelle · License #TX 9004701
(214) 789-7364
Source:
Crexi
Added: Jul 22, 2024
Changed: Oct 15
Last Checked: Oct 24 at 3:23PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$319,197
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,383,940
$6.4M
Cap Rate 7%
$4,559,957
$4.6M
Cap Rate 9%
$3,546,633
$3.5M
Market Conditions
NOI Build-Up for 34,420 SF
Gross rent
$495.6K $14.40/SF
− Vacancy
−$39.7K −$1.15/SF
EGI
$456.0K $13.25/SF
− OpEx
−$136.8K −$3.97/SF
NOI
$319.2K $9.27/SF
Area
Mesquite, TX
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,383,940
Cap Rate 7%
$4,559,957
Cap Rate 9%
$3,546,633
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 75150, TX
64,654
Population
24,892
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
80%
High-School Grad
12.6 sq mi
ZIP Area
5,131
Density / Sq Mi
$65,985
Median Household Income
$38,301
Median Earnings
$1,387
Median Rent
$221,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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.
