View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/denton-380-storage/
Offered by CBRE’s Self Storage Advisory Group, this asset presents a unique opportunity for an investor to acquire a Class A self-storage facility located in Denton, TX. 380 Storage was rated one of the Best Storage Unit Facilities in Denton 2021 by Expertise.Com and is a current Texas Self Storage Association member. The facility consists of 697 units spread across 78,475 net rentable square feet situated on 17.8 acres of land featuring ground level drive up units and interior climate controlled units along with open and covered parking. The city of Denton is located in the Dallas-Fort Worth MSA, the #1 metro for job growth and the #4 market for gross metro product in the nation.
380 Storage is located on East University Drive / Highway 377 / Highway 380, which offers high site visibility with traffic counts of 39,938 vehicles per day passing by the property. The immediate area around the facility is experiencing explosive growth, with the 1-mile future population growth projected at 10 times the national rate. The local area has nice demographics, with 118,105 people in a 5-mile radius and an average 5-mile household income of $93,316. The MSA’s top tier economic performance and soaring job market along with the remarkable local population growth places the facility in an optimal position for continued success in the rapidly expanding self storage market.
Broker of Record:
Adam Alexander
TX Lic. 691859