15074 Us Hwy Van Alstyne, TX 75495

Property Details for 15074 Us Hwy

Year built

1996

Lot size

8.72 lot acres

Property size

92,220 SF

Property type

Self storage facilities

Description

This exceptional 92,220-square-foot self-storage facility in Van Alstyne, Texas, presents a compelling investment opportunity. Boasting 411 units across eleven single-story buildings on 8.72 acres, this property offers a diverse mix of climate-controlled and drive-up units, along with covered and uncovered parking spaces, and an on-site manager's residence. Originally built in 1996 and extensively renovated in 2023, the facility benefits from excellent visibility and accessibility along US Highway 75, a major thoroughfare with over 45,000 vehicles daily. Located just 30 minutes north of Dallas, within the Sherman-Denison MSA, this property is ideally positioned to capitalize on the region's robust growth fueled by significant residential and commercial development, including a major new Texas Instruments chip manufacturing plant and the upcoming Highpoint Villages development adding 2,200 homes. The property's current occupancy is 86% physically and 76% economically, offering immediate cash flow and significant upside potential. Priced at $4,500,000, or $48.80 per rentable square foot, this represents a below-replacement-cost acquisition in a high-demand market with an average household income exceeding $100,000 within a 5-mile radius. The property's amenities include a personalized key-pad gated entrance, wide driveways, and garage-style roll-up doors. The current ownership structure presents opportunities for operational improvements and enhanced revenue generation. This is a rare chance to acquire a well-located, high-performing asset in one of Texas's fastest-growing markets.

Location Insight

City

Van Alstyne

County

Grayson

State

Texas

Longitude

-96.6056

Latitude

33.4527