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Lifetime Climate Controlled Storage 2 Properties Offered at $2,007,525 CAD in Iowa Park, TX
INVESTMENT HIGHLIGHTS
- Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income
- Strong Average Household Income of $83,901 Within Five Miles of the Property Iowa Park, Texas, is Located Approximately 10 Miles West of Wichita Falls
- Value-Add Opportunity: Potential to increase income through rent adjustments, as current retail lease rates are below market levels
- The Wichita Falls MSA is Located Approximately 100 Miles Northwest of Fort Worth and is Home to 149,947 Residents
EXECUTIVE SUMMARY
This cash-flowing property includes a self-storage facility and a fully occupied retail strip center. The self-storage component features 86 climate-controlled units totaling 6,240 net rentable square feet (NRSF), while the retail strip center comprises seven suites totaling 14,400 NRSF. Most retail tenants have at least two years remaining on their lease terms, with annual rent escalations outlined, and current rents are well below market—offering substantial upside potential. The facility is the only climate-controlled storage option within a five-mile radius, supporting steady rent increases upon stabilization. Additionally, it is well-suited for remote management, with keypad entry and management software already in place.
PROPERTY FACTS
| Price | $2,007,525 CAD | Number of Properties | 2 |
| Price / SF | $97.26 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 20,640 SF |
| Status | Active | Total Land Area | 2.50 AC |
| Price | $2,007,525 CAD |
| Price / SF | $97.26 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,640 SF |
| Total Land Area | 2.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Park West Shopping Center
400 W Park Ave, Iowa Park, TX 76367 |
Retail | 14,400 SF | 1964 | - |
| 400 W Park Ave, Iowa Park, TX 76367 | Specialty | 6,240 SF | 1964 | - |
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CONTACTS
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Justin Clark -
Josh Snead -
David Perlleshi -
Frank DeSalvo -
Ryan Bohls -
Franklin Street
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Lifetime Climate Controlled Storage
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