overview video
investment highlights
- TWO PROPERTY, 330 UNIT VALUE ADD PORTFOLIO // 55,845 NRSF across infill Texarkana, Arkansas locations less than one mile apart.
- PRIME VISIBILITY AND DEMAND DRIVERS // Frontage on US 67 with approximately 6,849 daily traffic counts and East 9th Street approximately 12,211 daily traffic counts, plus proximity to Arkansas High School, downtown, and the Texas border.
- BELOW REPLACEMENT COST ENTRY POINT UNDER $45/NRSF // Amenities at both locations include gated digital access, video surveillance, concrete drives, and roll-up doors. There is a full service manager’s office and residence at the East Broad Street hub.
- SIGNIFICANT LEASE UP AND RATE GROWTH UPSIDE // Current physical occupancy is only around 64 percent but with operational improvements, a projected 8.75 percent year two cap rate can be achieved.
- PORTFOLIO POTENTIAL // This offering is part of the Storage Plus and Top Lock Storage 5 State – 25 Property Portfolio, but can be purchased individually.
property summary
The Storage Plus of Texarkana Portfolio includes two self-storage facilities approximately a mile from one another in Texarkana, Arkansas. The properties sit on a combined +/- 2.96 acres of land and have ten single-story buildings consisting of 330 total units and a combined 55,845 NRSF. The facilities have numerous amenities including but not limited to video surveillance, gated entries with digital keycode access, roll-up doors, and concrete driveways. The East Broad Street facility serves as the hub and features a full-service onsite manager’s office and residence.
Sitting about 5/10 mile in between the two properties is Arkansas High School, one of the city’s pillars and a major anchor for the surrounding neighborhoods. Both properties are located near downtown and the Texas border, placing them in a corridor that benefits from steady local traffic and cross-border activity. The East Broad Street location fronts on US Highway 67 and sees daily traffic counts of around 7,000, while the property on East 9th Street has car counts of around 12,000, reinforcing consistent visibility and drive-by demand.
Offered at under $45 per NRSF, The Storage Plus of Texarkana Portfolio represents a compelling value-add opportunity in a market with stable demand drivers. The portfolio is only about 64 percent physically occupied and is slightly over a 5.5 percent cap rate going in, with an 8.75 percent year two proforma cap. With meaningful upside in lease-up, rate growth, and operational optimization, the assets provide an investor with a path to enhanced cash flow and long-term value creation.
