Updated Sep 14, 2026
Ian Levin Of 10 Federal Storage Acquires Self Storage Facilities In Azle And Springtown Texas
1050 West Highway 199, 11400 Fm 730 North, 114 East Reno Road & 1250 Sandy Beach Road
Building Size
263,030 SF
Asset Type
Self Storage
Closing
Sep 10, 2026
About this deal
AI
A total of three self-storage facilities have been acquired in Azle and Springtown, Texas, adding a substantial 1,311 units and 263,030 square feet of rentable space to the portfolio of 10 Federal Storage. The properties are located at 1050 West Highway 199, 11400 Fm 730 North, 114 East Reno Road & 1250 Sandy Beach Road, within the Springtown & Azle, TX market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Square Footage: 263,030
- Units: 1,311
- Buyer: Ian Levin
- Company: 10 Federal Storage
The acquisition expands 10 Federal Storage's presence in the rapidly growing northwest Dallas-Fort Worth corridor, increasing its managed property total to 135 across 16 states. This strategic move underlines the company's commitment to enhancing its footprint in the self-storage market.
On the Map
Self Storage
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Springtown Self Storage Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93