Current Use by Public Records
- Self storage facilities
Property Details for 245 Tx-114
- Lot size
- 10.67 lot acres
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a portfolio of three self-storage facilities totaling 43,285 rentable square feet, encompassing 379 drive-up units across 10.67 acres. Strategically located in the Bridgeport and Chico submarkets of Wise County, Texas, approximately one hour northwest of Fort Worth, this portfolio boasts a 78% occupancy rate, presenting significant potential for revenue growth through increased occupancy and rental rates. The properties are conveniently situated along a major thoroughfare, offering excellent visibility and accessibility. The portfolio's current mom-and-pop management structure provides a foundation for future operational enhancements. With ample land for expansion, this portfolio offers a compelling value-add proposition, particularly given its price point below replacement cost. The existing facilities are well-maintained and present a solid base for immediate income generation. The potential for conversion of existing warehouse space further enhances the long-term value and upside potential of this investment. This is an ideal acquisition for an investor seeking a stable, cash-flowing asset with substantial room for growth and value creation in a desirable Texas market. The asking price is $3,200,000, translating to $8,443.27 per unit. Addresses include 245 Highway 114, 261 Private Road 333 (both Bridgeport, TX), and 601 Industrial Blvd, Chico, TX. The zip code is 76426.
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
- Bridgeport
- County
- Wise
- State
- Texas
- Longitude
- -97.7505
- Latitude
- 33.1956
