425 Loop Carthage, TX 75633

Exceptional investment opportunity in Carthage, Texas, presents a 9-building, 183-unit self-storage complex totaling 26,738 rentable square feet on a 2.26-acre lot. Built between 1994 and 2000, with renovations completed in 2000, the property boasts a 97.6% occupancy rate (as of November 1, 2024) and a strong NOI of $112,500, yielding a 9.15% cap rate. The asking price is $1,230,000 ($46/sq ft and $6,721/unit). The property features approximately 32,000 square feet of concrete paving and is fully fenced with a gate operator. A 0.40-acre vacant lot offers potential for future expansion. Strategically located at 425 NW Loop 436, adjacent to a major shopping center anchored by HEB Grocery and Bealls, this property enjoys a prime location and consistently high occupancy, exceeding industry standards without active advertising. Current rental rates are approximately 10% below local competitors, presenting significant upside potential. The property is zoned for light retail use.