Current Use by Public Records
- Self storage facilities
Property Details for 15074 Us Hwy
- Year built
- 1996
- Lot size
- 8.72 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Van Alstyne
- County
- Grayson
- State
- Texas
- Longitude
- -96.6056
- Latitude
- 33.4527
