Property Description
Cornerstor Self Storage is a pride of ownership, retail location self storage facility located in one of the fastest growing submarkets of Dallas -Ft. Worth. The facility is located less than 0.1 miles from Interstate 35, the dominant north/south corridor through Dallas. Cornerstor Self Storage is surrounded by national retailers including Walmart Super Center, Brookshire Brothers, McDonalds and Walgreens. Additionally, multiple single family and multi-family residential developments are under development in the three mile radius surrounding the facility.
Cornerstor Self Storage features steel and metal construction with a metal screw down roof. Driveways are a combination or concrete and crushed asphalt. There is an on-site office with room for retail sales. Security features include gated keypad access and perimeter fencing. The facility features a diverse mix of conventional self storage units, parking space and commercial office / warehouse space. Unit sizes for self storage range from 50 to 300 square feet. The six office / warehouse spaces are 1,000 or 2,000 square feet and currently 100% occupied.
Priced at $1,450,000 Cornerstor Self Storage represents a 6.74% cap rate at the current physical occupancy of 86%.
