Grandstone Investment Sales is pleased to exclusively present for sale U-Stor-It Warehousing in Fort Worth, TX. This asset features 43,000 NRSF with 247 non-climate-controlled units on a 2.35 acre lot. The facility is surrounded by strong demographics, with 78,519 people within 3 miles and 258,036 people within 5 miles, and median household incomes of $71,000 and $72,500 respectively. The asset is also surrounded by a growing population, Fort Worth has grown 9.7% since 2020 and is expected to grow another 13.8% by 2035. While the growth is high, the saturation in the area is relatively low, having a 8.57 SF/capita within 3 miles and a 7.14 SF/capita within 5 miles. This investment opportunity has immediate upside potential through the addition of revenue streams like administrative fees and tenant insurance.
INVESTMENT
HIGHLIGHTS
- PURCHASE PRICE – $2,450,000
- $56.98/SF
- CURRENT CAP RATE: 2.69%
- YEAR 1 CAP RATE: 6.51%
- FORT WORTH IS THE 11TH LARGEST CITY IN THE U.S. AND
THE 4TH LARGEST IN TEXAS, WITH A POPULATION THAT
HAS GROWN 9.7% SINCE 2020 AND IS PROJECTED TO
INCREASE ANOTHER 13.8% BY 2035.
- WITHIN A 3-MILE RADIUS, THE POPULATION IS 78,519
WITH 8.57 SQUARE FEET OF SELF-STORAGE PER CAPITA;
WITHIN A 5-MILE RADIUS, THE POPULATION INCREASES
TO 258,036 WITH 7.14 SQUARE FEET PER CAPITA - RECENT CAPEX : 12 NEW SECURITY CAMERAS INSTALLED
IN 2024 AND 3 AUTOMATIC GATES INSTALLED IN 2014 - UPSIDE – OPPORTUNITY TO CAPITALIZE ON ADDING
ADDITIONAL REVENUE STREAMS: ADMINISTRATIVE FEES,
TENANT INSURANCE, ETC.
Broker of record: BRIAN BROCKMAN | Bang Realty-Texas Inc | bor@bangrealty.com | License: 701472
