Property Overview
Valley Best Storage represents our latest strategic acquisition in the thriving South Texas market. This 75,935 square foot facility was acquired in March 2025 for $3.25 million and features exceptional expansion potential with over 4 acres of additional developable land.
The property was built in multiple phases (2004 and 2021), providing a mix of established operations and modern amenities. At 84% occupancy upon acquisition, the facility demonstrates strong market demand while offering immediate opportunities for optimization and expansion.
Value-Add Strategy
Our comprehensive value-add approach focuses on maximizing the property's income potential through strategic improvements and expansion:
Market Position
Harlingen, Texas represents a strategic market for self-storage investment, benefiting from:
- Growing population and economic development in the Rio Grande Valley
- Strong demand for RV and boat storage due to proximity to Gulf Coast
- Limited new supply pipeline in the immediate market area
- Diverse tenant base including residential, commercial, and recreational users
Financial Projections
$313,127
Projected Year 1 NOI
7.7%
Cap Rate at Purchase
7.0%
Projected Exit Cap Rate
5 Years
Projected Hold Period
Investment Timeline
Exit Strategy
Our exit strategy targets a sale to a REIT or institutional buyer after stabilization and expansion completion. From 2021-2024, public REITs paid an average of 17% higher price-per-foot for stabilized secondary-market assets versus private buyers, making them a prime liquidity path for sponsors.