FreeUp Storage Value Add Opportunity – Mabank, TX
2102 South 3rd Street, Mabank, TX 75147

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Price
Market Bid
NRSF
64,230
Mabank, TX
Value-Add
Prime Location: Situated in the growing market of Mabank, TX, benefiting from proximity to Cedar Creek Lake and other local attractions.
Value-Add Opportunity: Current occupancy rates of 76.0% for square footage and 74.3% for unit occupancy, presenting significant upside potential.
Institutional Size Facility: Drive-up self-storage facility built in 1995, offering 64,230 rentable square feet across 566 units.
Population Growth: Mabank has experienced steady population growth, contributing to increased demand for storage solutions.
High Visibility: Located near Cedar Creek Lake and other local attractions.
Operational Upside: Opportunity to capture approximately 16% of occupancy to reach stabilized levels, generating high teens levered IRRs on a 5-year hold.

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Mabank Self Storage.

This offering presents a rare opportunity to acquire a value-add, institutional-size self-storage facility in the rapidly growing Mabank, TX market. The facility totals 64,230 rentable square feet across 560 drive-up units and 6 Boat & RV parking spaces. The Property spans 5.1 acres and was built in 1995, with SF occupancy at 76.0% and unit occupancy at 74.3%.

Strategically located in Mabank, TX, the facility benefits from its proximity to Cedar Creek Lake and other local attractions, enhancing its appeal to both residents and local businesses. Cedar Creek Lake offers a variety of recreational activities such as boating, fishing, and swimming, making the area a popular destination for both locals and visitors. Mabank has seen significant residential development, with new housing communities and apartment complexes contributing to the town’s population growth. This growth is supported by the town’s commitment to improving infrastructure and community services, attracting more families and businesses to the area. The area within a 5-mile radius includes residential neighborhoods, commercial zones, healthcare facilities, and recreational amenities, ensuring a steady flow of potential customers. Additionally, the presence of schools and parks within this radius further enhances the community’s attractiveness, making it a desirable location for residents and businesses alike.

This Property has significant upside from an operational perspective. The manager has been optimizing the rent roll for rate, resulting in approximately 16% of occupancy that can be captured to reach stabilized physical occupancy levels. By executing this strategy, investors can generate high teens levered IRRs on a 5-year hold.

 

Mabank, TX

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  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Mabank, TX Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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