Investment Overview

My Garage Self Storage represents two self-storage facilities with a combined 75,780 rentable-square feet in Rusk, Texas. The primary location on Loop 343 contains 60,450 square-feet of storage, and the smaller satellite location – approximately 1.10 miles away on West 6th Street – encompasses the remaining 15,180 square feet. Originally constructed in 1994 and later expanded in 2001 and 2018, the Loop facility rests on approximately four acres and comprises 61 climate-controlled climate units, 400 non-climate drive up units, and two uncovered parking spaces. Built in 1974, the satellite location contains 125 non-climate drive up units. Both facilities feature an on-site manager’s office, wide concrete driveways, personalized key-pad gated entrances, and perimeter fencing. Additionally, the primary location benefits from the excellent visibility and accessibility provided by its strategic location on Loop 343 and Farm-to-Market 2972, one of the most heavily trafficked intersections in town. Rusk, Texas is a historic town in East Texas and the county seat of Cherokee County, known for its friendly community, natural beauty, and economic potential. Established in the 1840s, Rusk's strategic location at the intersection of U.S. Highway 69 and State Highway 84 provides convenient access to regional cities like Tyler and Lufkin. This connectivity supports local commerce and creates long-term opportunities for businesses, including self-storage facilities. Offered for $3,750,000, the property is available to a new investor below replacement cost at only $49.49 per rentable-square foot. Additionally, day one unleveraged returns above 7 percent are achievable based on the seller’s current net operating income, and operating trends suggest the facility has enough upside potential to reach double digit cash-on-cash returns throughout a relatively short hold period. As of March 2025, the facility is 72 percent physically occupied.