9th Street Self Storage

Meridian Storage Group is pleased to present 9th Street Storage, a recently developed 207-unit, 29,225 NRSF self-storage facility located in Mabank, Texas, within the Dallas-Fort Worth MSA. Completed in 2024, the property features a modern unit mix, with climate-controlled units representing approximately 76% of total NRSF across 150 units, complemented by 43 drive-up units and 14 uncovered vehicle spaces.​

​Since delivery, the facility has demonstrated consistent absorption, reaching ~69% physical occupancy. A new owner has the opportunity to drive near-term NOI growth by continuing lease-up to stabilized occupancy and increasing in-place rents toward street rates, with current in-place rents approximately 6% below street rents.​​

In addition to lease-up and rent growth upside, the property offers a meaningful expansion opportunity. The site can accommodate an estimated 28,000 NRSF expansion, allowing the next owner to nearly double the facility’s rentable storage footprint over time as demand in the trade area continues to mature.​​

The Mabank trade area includes approximately 18,230 residents within a five-mile radius and average household income of $90,588. The property sits on 3.27 acres with fully paved drive aisles, gated keypad access, and an on-site rental office, providing a modern, low-maintenance operating platform for regional or institutional ownership.​