Public Storage (Managed) – McKinney, TX

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*Lead broker information is located within the offering memorandum. 

Listed By: David Montalvo, TX RE License No. 595597

Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

• Ability to Acquire a Class A 3-Story Climate Control Building in a Top MSA

• McKinney, TX, Has Previously Been Ranked the 4th Fastest-Growing Big City in the Nation

• Two Multifamily Developments Have Recently Opened and Two More Are Under Construction in the Immediate Vicinity

• Incredible Lease-Up Velocity of 7.3% per Month (Physical Occupancy)

• Rate Growth Potential Is Very High Due to Institutional Management in Area Paired With Population Growth

• Facility Has Great Visibility and Signage From the High Traffic Parkway (Virginia Parkway, 25,500+ VPD)

• Institutional Grade Demographics With a Population of 191,801 and Median Income of $105,965 in 5 Mile

• Potential To Acquire Adjacent Land With Prospective Storage as an Expansion Opportunity

Address

2870 Virginia Pkwy, McKinney, TX, 75072

Price

TBD by Market

Pro Forma NOI

$597,555

Net Rentable Square Feet
46,037 NRSF
Lot Size

2.29

Unit Count
467
Year Built
2023
Status

Active

Engage With Us

100% of our firm’s time, effort, and energy are devoted to you and your goals as a seller. We guarantee that we will generate the highest price and best terms for your property that the market will bear at that moment in time.

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