Value Add 5-Property DFW Self-Storage Portfolio – Dallas–Fort Worth MSA
5055 US-377, Aubrey, TX 76227

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Price
Market Bid
NRSF
228,178
Dallas, Fort Worth MSA
Value-Add Portfolio
5 established self-storage facilities located in the rapidly growing state of Texas
Located in and around the booming Dallas-Fort Worth MSA
Several facilities have potential expansion opportunities
Opportunity to bring rental rates in line with market levels and maximize portfolio occupancy
Levered returns expected to be in the mid to high teens
Weighted REIT Average Occupancy (Same Store) of 93.5% in Dallas-Ft. Worth Metro

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the FreeUp Storage Dallas-Fort Worth Self Storage Portfolio Opportunity.

This offering presents a rare opportunity to acquire 5 professionally managed self-storage facilities, strategically located around the highly sought-after Dallas/Ft. Worth MSA. Texas continues to be one of the nation’s fastest growing states, seeing an impressive 3.2% growth in population from 2020 to 2023, reaching a population of over 30 million in 2022. Texas now stands as the second-most populous state in the country with more businesses and individuals flocking to the state due to its business-friendly environment, no personal income tax, limited regulation, and a flourishing state economy.

The Aubrey property is located just north of both downtown Dallas and Ft Worth. Located directly along US Hwy 377, the facility benefits from its excellent visibility and easy access to nearby Lewisville Lake, a popular destination for water recreational activities. The facility also benefits from an excellent median household income of over $101,000. It currently offers a mix of 256 climate-controlled first-floor, drive-up, locker and parking spaces totaling 25,989 rentable square feet, with the opportunity to convert the open parking spaces into traditional storage or covered spaces. The facility currently stands at 82.0% physical occupancy.

The Flint property is located southeast of Dallas, just outside of Tyler, TX. The facility is situated just a half
mile from the shores of Lake Palestine, a popular hub
for fishing and boating activities as well as camping and vacation homes, creating a strong demand for boat and RV parking. This 28,684 rentable square foot facility offers 255 drive-up units and 16 parking spaces, with room for potential expansion or additional parking spaces. The facility is currently at 76.4% physical occupancy.

Located under 15 minutes from downtown Fort Worth, the North Richland Hills facility resides in a densely populated suburb of the major Texas metro. The three-mile trade area boasts a strong population of 91,683 residents, with a median household income of $62,000. The facility sits just off Boulevard 26, a major throughfare providing direct access to downtown Fort Worth. The 21,010 rentable square foot facility offers 144 drive-up, non-climate first-floor, and parking spaces with a current physical occupancy of 71.6%

The Paris location is located right along the NE Loop 286 Hwy in Paris, TX. Situated between the heavily trafficked NE Loop 286 and Farm Road 195, the facility sees an excellent average daily traffic volume of over 38,000 vehicles with great visibility from both roadways. Adjacent to the facility are multiple retail locations including an agriculture equipment distributor and Ford dealership. The facility offers a mix of climate-controlled first-floor, parking, and drive-up units totaling 45,950 rentable square feet with ample space to replace the open parking with traditional storage units. The facility is currently achieving a physical occupancy of 89.2%.

Located just a 30-minute drive east from downtown Dallas is the Terrell facility along FM 2578. With close proximity to major Hwy I-20, the property offers easy access to downtown Dallas and benefits from its visibility to the heavily trafficked roadway, which sees an average daily traffic volume of 61,768 vehicles. The 106,545 rentable square foot facility offers a mix of 464 climate-controlled first floor, drive-up, and covered boat & RV units with a current physical occupancy of 83.3%.

Take advantage of the unique opportunity to acquire five established facilities with strong historical operating performance as well as significant rate and occupancy upside in one of the nation’s fastest-growing states.

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