6435 Paluxy Dr Tyler, TX 75703-5933

This exceptional self-storage facility in Tyler, Texas presents a compelling investment opportunity. Boasting 35,540 net rentable square feet across 278 units in eight single-story buildings, this property is 91% occupied as of May 31, 2024. Built in 1999, the facility sits on a 2.29-acre lot (APN R152208) in a prime location at 6435 Paluxy Dr, Tyler, TX 75703, a busy, signalized intersection with over 30,000 vehicles passing daily, ensuring high visibility. The property features a mix of climate-controlled and non-climate-controlled units, and current rental rates outperform competitors on most units, promising strong revenue generation potential. With a pro-forma NOI of $342,270, this fee-simple ownership offers significant upside potential, particularly given the ability to increase rental rates by over 5% to meet current market demands. The surrounding area boasts a median household income exceeding the national average at $79,747 within a three-mile radius, indicating strong tenant demand and long-term stability. The property is zoned commercial. This is a rare opportunity to acquire a fully stabilized, high-performing self-storage asset in a thriving Texas market.