PRICE REDUCTION // Contact Thomas Dickinson for More Information Ready Lock Go is an 8,550 net rentable square foot self-storage facility located in Webster, Texas. The property sits on approximately 4/10th of an acre of land consisting of three single story buildings that house 82 units. The property was constructed in 1988 and recently renovated in 2023. Ready Lock Go has crushed-gravel pavement and is enclosed by a chain link fence with a keypad gate entrance. There are nine units outside of the chain link fence that each have iron bar covers shielding the roll up doors from the public. Ready Lock Go is positioned on Live Oak Street less than a quarter mile from the intersection of West NASA Parkway and Old Galveston Road (State Highway 3) which is one of the busiest intersections in the Clear Lake area with daily traffic counts over 38,000. Webster is seeing exponential economic growth year-over-year. Just two miles from Ready Lock Go, Edgewater by Johnson Properties is a 538-acre master-planned community that will add approximately 2,600 new residents to webster. This project includes single and multi family properties, a marina, hotel, and retail shops. In addition to Edgewater, Flyway is another mixed-use project that is currently under construction also two miles away. This 80-acre mixed-use retail area will be anchored by Great Wolf Lodge and include multiple nationally recognized retail sites. Ready Lock Go is managed by an individual who lives roughly an hour away and comes to the property on an as needed basis. The storage facility has struggled to maintain a 60 percent occupancy, however, REITS in the area have stabilized occupancy with higher street rates. Ready Lock Go offers investors an exciting value-add opportunity. By utilizing a more sophisticated management approach to increase occupancy and revenue to market standards, an investor could achieve over 10 percent unleveraged yield and 15 percent cash-on-cash return.