Looking at potentially assigning a storage opportunity due to a shift in capital allocation.
-47K NRSF | 300+ units $1.59M ($34/SF) — well below replacement cost
-Strong TX tertiary market with 125K population and growing, supported by a large military base
- Large gap between in-place and market rents
- Closest competitor is fully occupied
- No marketing presence / no online rentals
This is a value add with a healthy upside
Stabilized potential: ~$260K NOI ($4M value @ market cap)
If this fits your buy box, text me at 720-792-5454 and we can coordinate a time to talk through details.