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3401 W FM 720 82,415 SF Specialty Building Offered For Sale in Little Elm, TX 75068
Investment Highlights
- Little Elm, TX (DFW MSA)
- $152,073 Average Household Income Within 5 Miles
- 1.8 Miles from US-380
- 130,696 Population Within 5 Miles
- 1.3 Miles from Lewisville Lake
- Within 5 Miles of Major Retail & Large-Scale Housing Developments
Executive Summary
Texas XL Storage is a class A+, large-format storage facility located in Little Elm, Texas. Little Elm falls within the rapidly growing northern portion of the Dallas – Fort Worth Metroplex between Denton and Frisco.
The property was developed in 2022 and has experienced strong, consistent demand and rent growth since opening. The owners have diligently managed the property to maintain high occupancy and have yet to find the ceiling on rental rates. Texas XL Storage consists of 137 non-climate units encompassing 84,452 NRSF. The average unit size is 616 NRSF. Current physical occupancy is 100% and includes a healthy mix of tenant types, including boat/RV, classic/ luxury cars, residential, and business tenants.
The property is well located, being only 1.3 miles from Lake Lewisville. The US-380 corridor, a hotspot of growth in the DFW Metroplex, is 1.8 miles away. The property is also within 5 miles of numerous major retailers and large-scale housing developments bringing thousands of new homes and residents to the area. Little Elm has been one of the fastest growing cities in the United States in recent years, consistently achieving an annual growth rate of +/- 8%. Oak Point, the suburb immediately adjacent to the property, is ranked as one of the top 20 suburbs in the Dallas area and is experiencing significant residential growth as well. A 5-mile radius around the property includes a population of 130,696 with an average household income of $152,073.
Construction highlights include concrete drives, metal and steel construction, a full sprinkler system, Noke smart locks, exterior lighting, perimeter fencing, and ample security features. The current owners maintain the property in excellent condition, giving a new owner a turn-key opportunity. Texas XL Storage is a best-in-class, high-performance facility with plenty of remaining upside potential. Please contact Versal for pricing guidance.
The property was developed in 2022 and has experienced strong, consistent demand and rent growth since opening. The owners have diligently managed the property to maintain high occupancy and have yet to find the ceiling on rental rates. Texas XL Storage consists of 137 non-climate units encompassing 84,452 NRSF. The average unit size is 616 NRSF. Current physical occupancy is 100% and includes a healthy mix of tenant types, including boat/RV, classic/ luxury cars, residential, and business tenants.
The property is well located, being only 1.3 miles from Lake Lewisville. The US-380 corridor, a hotspot of growth in the DFW Metroplex, is 1.8 miles away. The property is also within 5 miles of numerous major retailers and large-scale housing developments bringing thousands of new homes and residents to the area. Little Elm has been one of the fastest growing cities in the United States in recent years, consistently achieving an annual growth rate of +/- 8%. Oak Point, the suburb immediately adjacent to the property, is ranked as one of the top 20 suburbs in the Dallas area and is experiencing significant residential growth as well. A 5-mile radius around the property includes a population of 130,696 with an average household income of $152,073.
Construction highlights include concrete drives, metal and steel construction, a full sprinkler system, Noke smart locks, exterior lighting, perimeter fencing, and ample security features. The current owners maintain the property in excellent condition, giving a new owner a turn-key opportunity. Texas XL Storage is a best-in-class, high-performance facility with plenty of remaining upside potential. Please contact Versal for pricing guidance.
Property Facts
| Sale Type | Investment | Lot Size | 5.26 AC |
| Property Type | Specialty | Building Size | 82,415 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 2022 |
| Zoning | C | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.26 AC |
| Building Size | 82,415 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | C |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R958879 | Improvements Assessment | $5,689,776 CAD |
| Land Assessment | $3,152,872 CAD | Total Assessment | $8,842,648 CAD |
Property Taxes
Parcel Number
R958879
Land Assessment
$3,152,872 CAD
Improvements Assessment
$5,689,776 CAD
Total Assessment
$8,842,648 CAD
Contacts
-
Bill Bellomy -
Logan Foster -
Michael Johnson -
Hugh Horne -
Trishia Lacambra -
Versal
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3401 W FM 720
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