12460 Highway 287
Haslet, TX 76052
Life Storage (Third Party Managed) · Specialty Property For Sale · 78,950 SF

Life Storage – Fort Worth is a trophy self storage property located in the booming north Fort Worth submarket of Haslet. The facility was developed in 2016, expanded in 2018 and professionally third party managed by Life Storage (NYSE: LSI). The local developers strategically selected this site for development because of the traffic count and visibility on Highway 287 and surrounding commercial and residential development. The immediate three and five mile radius surrounding the facility has more single family residential lot development than anywhere in Fort Worth. Northstar is a residential development on more than 750 acres and located only four miles from the facility started in 2018. Northstar will have a total of 410 lots with home construction starting in late 2019. Life Storage is the closest class “A” facility to this development. V.R. Eaton High School is located 1.5 miles from Life Storage and was built to accommodate the surrounding new neighborhoods. The high school opened in 2015 and is a part of the highly acclaimed Northwest Independent School District. Designed to the highest of institutional class “A” standards the facility features standing seam roofs, concrete driveways and steel and metal framing. There is a large oversized office with ample space for leasing and retail sales. Multiple TV monitors in the office highlight security features – cameras, keypad access and perimeter fencing. A distinguishing feature of Life Storage – Haslet is the mix of climate and non-climate units compared to competitor facilities. Life Storage is the only comparable class “A” competitor with 100% single story access and ample non-climate controlled units. Included with the offering is expansion room with site plan and stormwater approval for an additional 20,625 NRSF of storage space. Construction plans are included and ready for submission with the city of Fort Worth. Average unit size of climate controlled space is 113 square feet and 141 square feet for non-climate controlled space. Current physical occupancy is 56% with expected stabilization at the end of 2019. The median household income is $100,449 in the three-mile radius – a number that is sure to increase over time. Included with the offering is additional expansion room.