Current Use by Public Records
- Warehouses
Property Details for 3818 Town Blvd
- Year built
- 1982
- Property type
- Warehouses
- Property subtype
- Self storage facilities
Description
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.
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
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6536
- Latitude
- 32.7952
