380 Storage
Denton, TX
Executive Summary
Offered by CBRE’s Self Storage Advisory Group, this asset presents a unique opportunity for an investor to acquire a Class A self-storage facility located in Denton, TX. 380 Storage was rated one of the Best Storage Unit Facilities in Denton 2021 by Expertise.Com and is a current Texas Self Storage Association member. The facility consists of 697 units spread across 78,475 net rentable square feet situated on 17.8 acres of land featuring ground level drive up units and interior climate controlled units along with open and covered parking. The city of Denton is located in the Dallas-Fort Worth MSA, the #1 metro for job growth and the #4 market for gross metro product in the nation.
380 Storage is located on East University Drive / Highway 377 / Highway 380, which offers high site visibility with traffic counts of 39,938 vehicles per day passing by the property. The immediate area around the facility is experiencing explosive growth, with the 1-mile future population growth projected at 10 times the national rate. The local area has nice demographics, with 118,105 people in a 5-mile radius and an average 5-mile household income of $93,316. The MSA’s top tier economic performance and soaring job market along with the remarkable local population growth places the facility in an optimal position for continued success in the rapidly expanding self storage market.
Broker of Record:
Adam Alexander
TX Lic. 691859
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
