1420 S 21st St - Self-Storage Facilities FOR SALE


Nederland, TX 77627- Downtown Nederland
$700,000 USD
281-398-4588
1420 S 21st St, Nederland, TX for Sale
$700,000 USD
Self-Storage Facilities - FOR SALE
1/31
null | 7.29% Cap Rate

1420 S 21st St
Nederland, TX 77627
Downtown Nederland


HIGHLIGHTS

  • 96% Physical Occupancy
  • Only 9.6 NRSF of Total Storage Per Capita in the 5-Mile Radius
  • Over 85,000 Population in the 5-Mile Radius
  • Average Household Income of $90k+ in the 5-Mile Radius
  • All Concrete Foundations and Drives
  • Metal over Steel Construction

OVERVIEW

Nederland Premier Storage is a 57 unit, 10,200 NRSF self-storage investment opportunity at 1420 S. 21st St., Nederland, Texas. This .57 acre site sits less than a mile from the intersection of S. 21st St. and FM 365 which sees as many as 24,000 passing vehicles per day (Per TxDOT). Nederland is a well-located suburb in the middle of the “Golden Triangle” of Texas which refers to the broader market formed by the cities of Beaumont, Port Arthur and Orange. The Golden Triangle is the petrochemical capital of the Texas and is home to over 400,000 residents, more than 85,000 of which are living within 5 miles of the subject property. Constructed between 2007 and 2010, Nederland Premier Storage is an immaculately maintained self storage facility that has been “mom and pop” operated since its inception. The 5 metal-over-steel buildings feature a mix of 10x10 and 10x20 non-climate controlled units. The all-concrete facility is mostly fenced and gated with 24/7 keypad access and security camera surveillance. Additionally, the facility is well-lit and features concrete ballards which protect the structures from vehicles. The current owners manage the property remotely with very little headache thanks to Easy Storage Solutions management software and answering service. Rental rates have rarely been raised through their ownership tenure which provides the next owner with an immediate opportunity to raise revenue. Additionally, revenue can be increased by instituting mandatory tenant insurance for new customers and charging app/admin fees.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

049401-000-014651-00000

ASK ABOUT THIS PROPERTY

Craig RiceCSD Realty CompanyMore Info
281-398-4588

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Craig RiceCSD Realty CompanyMore Info
281-398-4588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.