Cushman & Wakefield’s Self-Storage Advisory Group has been exclusively retained to offer for sale three assets in Garland, TX.

This portfolio presents a unique opportunity to acquire three self-storage properties in Garland, TX. The portfolio consists of 235,313 rentable square feet of self-storage in high-visibility locations located within a 10-minute drive from each other. The three facilities were completed between 2017 and 2019. As of July 26, 2024, each of the three properties was approaching stabilization, with square foot occupancy ranging from 86% to 92%. Two of the three facilities, located at 942 E Interstate 30 & 932 E Interstate 30, are located directly adjacent but are currently reported on individually by the operator.

The self-storage market within Garland’s trade areas is robust, driven by strong demand and solid market fundamentals. As a growing suburb of Dallas, Garland benefits from a rapidly increasing population, presenting unique opportunities. The city’s diverse and expanding population, rising living costs, and limited living space fuel significant consumer demand in an underserved and challenging market. These conditions provide owners with substantial operating leverage and indicate a promising outlook for above average market rent growth in the foreseeable future.

The strategic location of Garland within the Dallas- Fort Worth metroplex, coupled with its robust employment growth and diverse economic base, significantly enhances the feasibility of owning self-storage facilities in the area. The city’s growing population and high quality of life further solidify its position as a prime investment destination, ensuring continued demand and stable market conditions.

The portfolio presents significant potential for growth through occupancy stabilization and aligning existing tenants’ rental rates with market standards via customer rate increase initiatives. Buyers can capitalize on the opportunity to establish scale within a single market, enhancing their operational leverage. This investment is ideal for those looking to enter the Dallas MSA or expand their footprint, offering substantial benefits and strategic advantages.