2102 S 3rd St 64,230 SF Specialty Building Offered For Sale in Mabank, TX 75147

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Mabank Self Storage.
This offering presents a rare opportunity to acquire a value-add, institutional-size self-storage facility in the rapidly growing Mabank, TX market. The facility totals 64,230 rentable square feet across 560 drive-up units and 6 Boat & RV parking spaces. The Property spans 5.1 acres and was built in 1995, with SF occupancy at 76.0% and unit occupancy at 74.3%.
Strategically located in Mabank, TX, the facility benefits from its proximity to Cedar Creek Lake and other local attractions, enhancing its appeal to both residents and local businesses. Cedar Creek Lake offers a variety of recreational activities such as boating, fishing, and swimming, making the area a popular destination for both locals and visitors. Mabank has seen significant residential development, with new housing communities and apartment complexes contributing to the town’s population growth. This growth is supported by the town’s commitment to improving infrastructure and community services, attracting more families and businesses to the area. The area within a 5-mile radius includes residential neighborhoods, commercial zones, healthcare facilities, and recreational amenities, ensuring a steady flow of potential customers. Additionally, the presence of schools and parks within this radius further enhances the community’s attractiveness, making it a desirable location for residents and businesses alike.
This Property has significant upside from an operational perspective. The manager has been optimizing the rent roll for rate, resulting in approximately 16% of occupancy that can be captured to reach stabilized physical occupancy levels. By executing this strategy, investors can generate high teens levered IRRs on a 5-year hold.