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800 Fulgham Road, Plano, TXE X E C U T I V E S U M M A R Y
HFF, as exclusive advisor to the Owner, is pleased to offer the opportunity for qualified investors to acquire US Storage Centers (the “Property), a ±90,600 square foot self storage and office warehouse facility in Plano, Texas, a suburb of Dallas. The Property has been maintained to institutional-quality standards, which has been a major driving force behind the strong historical occupancy. Also the lack of office warehouse space in the area, and the additional drive-up unit sizes available to small businesses puts the Property at an advantage over its competitive set, while limiting its exposure to potential new supply. With the proven ability to push rents in the near term, an investor will benefit from a stable cash flow, and could potentially increase net operating income by +18% at economic stabilization. Located in a rapidly growing area of North Dallas where there have been new master-planned communities and many upscale developments, the number of households have experienced double-digit growth (11.6 percent) since 2010. The population within a 3.0-mile radius has an average household income of $117,827. Furthermore, the population has increased over 9.1 percent since 2010, and is expected to increase an additional 6.5 percent by 2022. These dynamics will continue to position the Property to perform well within the market and fulfill the increasing demand for self storage.
Total Rentable Square Footage 90,600
Storage Net Rentable SF 50,100
Off ice Warehouse SF 40,500
Occupancy
Storage Physical Occuapancy 95.9%
Off ice Warehouse Occupancy 97.2%
Units
Sel f Storage Units 126
Rentable Parking Spaces 23
Off ice Warehouse Units 36
Cl imate Control led Units (% of Storage Units) 61 (48.4%)
Cl imate Control led SF 6,540
Non-Cl imate Units (% of Storage Units) 65 (51.6%)
Non-Cl imate SF 43,560
Average Rent/PSF (CC) $16.87
Average Rent/PSF (NC) $10.59
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”).
P r o P e r t y S u m m a r y
t h e o f f e r i n g
BARBARA GUFFEYDirector(713) [email protected]
TOM DOYLEDirector(813) [email protected]
MARK BRAMLETTReal Estate Analyst(713) [email protected]
TYLER FORDDirector(713) [email protected]
MICHAEL JOHNSONAssociate Director(713) [email protected]
9 Greenway Plaza, Suite 700Houston, TX 77046
LEGACY BUSINESS PARK
Avg. HomeList Price - $695,339
Avg. HomeList Price - $556,766
Avg. HomeList Price - $319,623
W. Plano Pkwy
Coit Road
Mapleshade Ln
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Beacon Square - 110 Acres
- 800,000 SF of O�ce Space- 117,000 SF of Retail Space
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- 800,000 SF of O�ce Space- 117,000 SF of Retail Space
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- 800,000 SF of O�ce Space- 117,000 SF of Retail Space
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DEMOGRAPHICS
POPULATIONAVERAGE HH
INCOME
3-Mile Radius 122,462 $117,827
5-Mile Radius 343,226 $107,713
e x c l u S i v e m a r k e t i n g a d v i S o r S : d e b t & e q u i t y :