FreeUp Storage Sherman Portfolio
Sherman, TX
The opportunity in Sherman, TX features a well-occupied, quality storage facility located in an undersupplied market.
The market study concluded an unmet storage demand of 175,000+ square feet and a well occupied market. Sherman, TX has a growing population that is 3x the national average and an impressive 27,000 housing units currently under development.
Growth has been fueled by a $35 billion investment in commercial development, including major projects such as the $30 billion Texas Instruments facility and the $5 billion Global Wafers manufacturing plant, set to create substantial job growth.
With rents currently below market, the property offers value enhancement through markto-market rate increases, with rental rates presently trailing the local market average by approximately 3.5%.
Additionally, the investment provides excellent asset quality, being the only Class A asset in the 10-minute market, surpassing competitors primarily consisting of Class C facilities.
In conclusion, FreeUp Storage Sherman provides a straightforward business plan, offering a combination of market dynamics and
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STABILIZED FACILITY
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DIVERSE UNIT MIX
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TOTAL 175,000 GSF
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STRONG POPULATION GROWTH
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CLASS-A PORTFOLIO
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EXPANSION POTENTIAL
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