Special Purpose Facility

Lone Star Self Storage

2500 Lone Star Drive Dallas, Texas United States 75212
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2020
Building Area Net
Occupancy 30.0 %

Asset Description

Location: The property is situated at 2500 Lone Star Dr, Dallas, TX, less than 4.0 miles west of downtown Dallas at the intersection of the I-30 access road and Postal Way.


Acres: +/- 2.410 acres (104,866 land square feet)


Frontage: On I-30 Access Road: ~306’

On Postal Way: ~290’

On Lone Star Dr: ~310’


Traffic Count: +/- 150,000 VPD (Interstate 30); +/- 40,000 VPD (Hampton Road)


Utilities: Internet & Phone: AT&T

Electric: TXU Energy

Water: City of Dallas


Date Opened: January 2021


Construction Detail: The facility is a 3 level climatized storage facility.


Elevator Detail: Two Elevators with OTIS contracted


HVAC Detail: Nine Carrier 50HC Units and a split system with electric heat


Apartment: N/A


Office: Approximately 1,000 Sf office to Cubesmart specifications, in addition there is approximately 400 SF of restrooms and bike storage.


Features and Amenities: The facility includes surveillance cameras, individual unit locks,

climate control throughout, keypad entry, and on-site management.


Climate Control: The facility is 100% climate controlled.


Personnel: Two full time property managers


Software: HIVE Software – CubeSmart proprietary system created with StorEdge


Security: The facility is equipped with a 24-hour video surveillance system, security access by floor, and electronic gate access.


Operation Hours (Access): Every Day: 6:00 am - 10:00 pm


Operation Hours (Office) :Mon-Fri: 9:30 am - 6:00 pm; Sat: 8:30 am - 5:00 pm; Sun: Closed

Investment Highlights

Highly Accessible and Visible Location – Lone Star Self Storage is situated just west of downtown Dallas and has excellent frontage on Dallas’ main thoroughfares, I-30 (150,000 VPD), and Hampton Rd(40,000 VPD).


Excellent Demographics with Projected Growth – There are nearly 130,607 residents with an average household income of over $72,000 within a threemile radius of the property. The average household income is projected to grow at an annual rate of 2.20% over the next five years.


Continued Residential Development in Immediate Area – Apartment unit inventory sits at 15,000 units or an increase of 45% since 2016 in a 3-mile radius. Nearly 1,000 units are proposed or under construction in a 3-mile radius.


Minimal Surrounding Competitive Supply & Zero Upcoming Supply – The area within a three-mile radius of 2500 Lone Star Self Storage contains only 3.69 square feet of storage space per person, well below what is typically required in urban areas. This makes the market extremely underserved for an area as dense as Dallas, TX.


New Best in Class Construction – Lone Star Self Storage was completed to Class A Standards in January 2021. The facility is extremely modern and has an assortment of modern features and amenities – including over 1,250 100% climate-controlled units.


Dallas-Fort Worth Economic Resiliency – The MSA is #1 in the country for 3-year job growth (185,600 jobs) and #1 in the country for job recovery to pre-pandemic high (3,951,900 jobs).

Last Updated Date: 20 Sep 2022

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Last Updated Date: 20 Sep 2022

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