2102 S 3rd St | Mabank, TX 75147
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2102 S 3rd St
Mabank, TX 75147
Specialty Property For Sale
·
64,230 SF
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in the growing market of Mabank, TX, benefiting from proximity to Cedar Creek Lake and other local attractions.
- Institutional Size Facility: Drive-up self-storage facility built in 1995, offering 64,230 rentable square feet across 566 units.
- High Visibility: Located near Cedar Creek Lake and other local attractions.
- Value-Add Opportunity: Current occupancy rates of 76.0% for square footage and 74.3% for unit occupancy, presenting significant upside potential.
- Population Growth: Mabank has experienced steady population growth, contributing to increased demand for storage solutions.
- Operational Upside: Opportunity to capture approximately 16% of occupancy to reach stabilized levels, generating high teens levered IRRs on a 5-year h
PROPERTY FACTS
| Property Type | Specialty | Building Size | 64,230 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built | 1995 |
| Lot Size | 3.84 AC |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.84 AC |
| Building Size | 64,230 SF |
| No. Stories | 1 |
| Year Built | 1995 |
AMENITIES
- Property Manager on Site
- Signage
PROPERTY TAXES
| Parcel Number | 3545-0002-0260-53 | Improvements Assessment | $1,746,968 |
| Land Assessment | $145,015 | Total Assessment | $1,891,983 |
PROPERTY TAXES
Parcel Number
3545-0002-0260-53
Land Assessment
$145,015
Improvements Assessment
$1,746,968
Total Assessment
$1,891,983
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
