Self Storage for Sale
3714 Marvin D. Love Freeway
Dallas, TX 75224

Price: $1,950,000

410 Units
50,000 sq ft
3.5 Acres

Gross Income: $275,000
Expenses: $115,000
Net Income: $150,000
Cap Rate: 8.2
Occupancy: 68%

410 units includes 50 climate controlled spaces. on premises managers' office and apartment. excellent freeway exposure and situated on the frontage road next to the freeway. Oak Cliff section of Dallas. property was built in mid-1980's and has tilt wall construction and interior metal walls. little deferred maintenance, mainly cosmetic. tremendous upside potential as it has attained regular monthly income of $30k in past. Excellent new management team and budget rent a truck have been added in may 2008.

This property just recently fell out of contract at $1.965 million; however, the prospective buyer was unable to obtain financing. in the mean time, I have identified a 1031 property and would like to sell this property quickly, to get into the replacement property. I'm an out of town owner that employs the services of a property management company to oversee the performance of the on premises management.

Feel free to contact me at by email: Dean Alexis .