Presenting Storage Plus of Forney - A Dominant Investment in the Thriving Dallas-Fort Worth Metroplex
Location:
Step into the epicenter of expansion with Storage Plus of Forney, formerly known as Jackrabbit Storage, now located at 12554 Farm-to-Market 1641, Forney, TX 75126. This isn't merely a spot on the map; it's a strategic epicenter in one of Dallas's fastest-growing suburbs, where opportunity shines brighter than the Texas sun.
Property Overview:
Acquisition & Rebranding: Acquired in April 2023 by Boring and Co. LLC, Pinnacle Storage Properties, LLC, and IMPEX Capital Group, and rebranded to Storage Plus of Forney, this property symbolizes a Class A, institutional-quality storage experience.
Facilities: Now offering 555 rentable units, with 132 climate-controlled, 412 non-climate drive-up units, and 11 uncovered parking spaces, this facility stands as a paragon of versatility and premium service.
Amenities: Enhanced with state-of-the-art security through 24-hour video surveillance, motion-activated lighting in each unit, and a pioneering self-serve ice store that's not just an amenity but a lucrative revenue source.
Growth & Potential:
Demographics: Forney is not just expanding; it's booming, with a median household income of $100,000, making it a hotspot for high-caliber residents and booming businesses.
Future Expansion: With 2.5 acres designated for future development, Storage Plus of Forney is poised for growth, backed by preliminary plans for further phases.
Investment Highlights:
Seller Financing:
Investors seized this golden opportunity with 80% seller financing over a 30-year amortization, featuring interest-only payments at 5% for the first two years. The entire capital raise was completed in less than three days.
Revenue Strategy:
Elevate beyond traditional storage with Tenant Protection Plans, late fees, admin fees, auction fees, and a truck rental program. A new website and dynamic marketing strategies are set to amplify your investment.
The Numbers:
Size: A sprawling 77,340 rentable square feet on 8.12 acres, ensuring you're investing in more than just space; you're buying into the future.
Current State: At acquisition, 60% occupancy, with vast potential for growth and enhancement.
Why Forney?
Growth Trajectory: A staggering 412% population increase since 2000 within a three-mile radius, with projections for another 20% growth in the next five years.
Economic Boost: Fueled by a $1.29 billion bond referendum for school enhancements and new constructions, plus major projects like the $800 million Bellagio Lagoon and a nearby Amazon distribution complex.
Storage Plus of Forney isn't just a property; it's your entry to ruling the self-storage market in one of America's most dynamic regions. With owner financing at a fixed 5%, this isn't just an investment; it's a legacy in the making.
