1211 Tarrant St Bowie, TX 76230

Property Details for 1211 Tarrant St

Year built

1997

Property size

9,850 SF

Property type

Commercial real estate

APN

R000008735

APU

R000008735

Description

This exceptional investment opportunity presents a portfolio of three self-storage facilities located in Bowie, Valley Mills, and Honey Grove, Texas. The portfolio totals 25,434 net rentable square feet and comprises 216 units across three single-story buildings. The asking price is $1,500,000, representing a price per square foot of $58.98. Currently operating at an 89.8% occupancy rate, the portfolio generates a Net Operating Income (NOI) of $123,569. Each facility offers unique value-add potential. The Bowie location, a well-established facility, boasts high occupancy and significant potential for revenue growth through optimized rate management. Valley Mills' facility, the only self-storage option in town, enjoys exceptionally high occupancy and substantial room for rent increases. Finally, the Honey Grove facility presents opportunities for expansion and increased occupancy through targeted marketing efforts. All three properties offer potential for additional income streams through ancillary services like tenant insurance and administrative fees, as well as the possibility of remote management to enhance efficiency and profitability. This portfolio is ideal for investors seeking a stable income stream with significant upside potential in a growing market. Individual facility purchase options are also available. Detailed financial information and property-specific data are available upon request.