Two Mini Storage Facilities in Mesquite and Balch Springs, TX

This listing presents an opportunity to acquire two established mini-storage facilities located in Mesquite and Balch Springs, Texas. The Mesquite facility, built in 1983, features 200 units and operates at approximately 70% occupancy, with annual expenses around $41,604. The Balch Springs facility, built in 1982, offers 73 units and has an occupancy rate between 50%-65%, with annual expenses estimated at $25,000 (excluding property management). Combined, the total annual expenses for both locations are approximately $61,604. The monthly income for both facilities ranges from $252,000 to $264,000, suggesting an annual gross revenue between $3.024 million and $3.168 million. The overall occupancy for the combined portfolio is approximately 75%. The asking price for this package deal, which includes the real estate for both properties, is $3,600,000. The seller is not offering seller financing and is not willing to lease the property. The listing is managed by a real estate broker.