Lifetime Climate Controlled Storage FOR SALE


Iowa Park, TX
$1,450,000 USD
813-839-7300
, Iowa Park, TX for Sale
$1,450,000 USD
FOR SALE
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Lifetime Climate Controlled Storage
Iowa Park, TX


HIGHLIGHTS

  • Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income
  • Value-Add Opportunity: Potential to increase income through rent adjustments, as current retail lease rates are below market levels
  • Strong Average Household Income of $83,901 Within Five Miles of the Property Iowa Park, Texas, is Located Approximately 10 Miles West of Wichita Falls
  • The Wichita Falls MSA is Located Approximately 100 Miles Northwest of Fort Worth and is Home to 149,947 Residents

OVERVIEW

This cash-flowing property includes a self-storage facility and a fully occupied retail strip center. The self-storage component features 86 climate-controlled units totaling 6,240 net rentable square feet (NRSF), while the retail strip center comprises seven suites totaling 14,400 NRSF. Most retail tenants have at least two years remaining on their lease terms, with annual rent escalations outlined, and current rents are well below market—offering substantial upside potential. The facility is the only climate-controlled storage option within a five-mile radius, supporting steady rent increases upon stabilization. Additionally, it is well-suited for remote management, with keypad entry and management software already in place.

ASK ABOUT THIS PROPERTY

Justin ClarkFranklin StreetMore Info
813-839-7300

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Justin ClarkFranklin StreetMore Info
813-839-7300

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