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3818 Town Blvd Mesquite, TX 75150

For Sale
$3,600,000

273+ Units, Value-Add Opportunity

Property size:
34,420 SF

Description

Added:
Dec 11, 2024
Days on Market:
365
Exceptional opportunity to acquire two self-storage facilities totaling 273+ units in Mesquite and Balch Springs, Texas. This portfolio comprises a 26,420 sq ft facility in Mesquite (200 units, built 1983) and an 8,000 sq ft facility in Balch Springs (73-74 units, built 1982). The properties are currently operating as a package deal, presenting a significant value-add opportunity. The facilities benefit from a predominantly credit card and PayPal payment system, and recent improvements include over 100 new doors, roof repairs (as needed), exterior painting in Balch Springs, new security systems and lighting at both locations, and a new gate pad in Balch Springs. The Mesquite location features a 1140 sq ft office and manager's living quarters (approx. 930 sq ft air-conditioned, 180 sq ft un-air-conditioned), while the Balch Springs location has a smaller office space. The properties are zoned commercial and are offered as a 1031 exchange opportunity. The asking price is $3,600,000. While current marketing is limited, the strong cash flow potential and recent upgrades position this portfolio for significant growth. Financial details, including rent rolls, are available upon request. Occupancy date is October 26, 2024. The properties are classified as Class C, with a net lease type and multi-tenancy. The primary tenant is a BP Gas Station.

Property Features for 3818 Town Blvd

General Information

Property type
Self storage facilities
Square Feet
34,420 SF
Class
C

Building Details

Year Built
1982
Stories
1
Units
273

HighLights

  • $3,600,000 asking price for a value‑add opportunity.
  • Two self‑storage facilities totaling 273+ units in Mesquite and Balch Springs, Texas.
  • 34,420 square feet of combined space, with 26,420 SF in Mesquite and 8,000 SF in Balch Springs.
  • Built in 1982 and 1983, respectively, both are single‑story Class C buildings with commercial zoning.
  • Currently operating with a multi‑tenant lease structure, including a BP gas station.
  • 1031 exchange eligible.
Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Map

City
Mesquite
County
Dallas
State
Texas
Longitude
-96.6535678
Latitude
32.7952409

FAQs

What type of property is this?
Self storage facility - 273+ Units, Value-Add Opportunity
Where is this self storage facility located?
The property is located at 3818 Town 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: $3,600,000 asking price for a value-add opportunity.; Two self-storage facilities totaling 273+ units in Mesquite and Balch Springs, Texas.; 34,420 square feet of combined space, with 26,420 SF in Mesquite and 8,000 SF in Balch Springs.
More about this property
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