2820 US Highway 380 - Self-Storage Facilities FOR SALE


Decatur, TX 76234
$1,200,000 USD
469-363-0209
2820 US Highway 380, Decatur, TX for Sale
$1,200,000 USD
Self-Storage Facilities - FOR SALE
1/19
null | 9.02% Cap Rate

2820 US Highway 380
Decatur, TX 76234


HIGHLIGHTS

  • Manage from Home.
  • Immediate Cash Flow

OVERVIEW

2820 Highway 380, Decatur, TX 76234. List Price $1,200,000 Cap Rate 9.02. Net Operating Income NOI: $108,254 Description: Income-producing self-storage facility in a high-growth corridor just off Highway 380 in unincorporated Wise County. The property features 50 storage units and 5 secure parking spaces, with rental rates ranging from $50 to $1000 per month. Current occupancy is approximately 61%, presenting immediate lease-up potential and revenue growth. The facility operates with city water and electric, and tenants are billed monthly with simple management processes. With a 9.02% cap rate on existing operations and a straightforward expense structure, this is a low-maintenance, value-add opportunity for investors looking to grow NOI by increasing occupancy. Also available as a single turnkey investment: the 380 Eagle’s Nest Tiny Home & Storage Facility as a combined portfolio. Includes 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

380 Eagles Nest Storage Facility

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

None

APN/PARCEL ID

A0538002800

ASK ABOUT THIS PROPERTY

Charles & Laura HortonThe Michael Group Real Estate & ManagementMore Info
469-363-0209

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Charles & Laura HortonThe Michael Group Real Estate & ManagementMore Info
469-363-0209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.