Lone Star Self Storage, located at 1663 Moore Avenue in Portland, TX, is a 64,300-square-foot self-storage facility comprising 559 units with strong market fundamentals and significant lease-up potential; originally built in 1970 and substantially expanded with major new unit deliveries completed in 2025, the property is currently operating at 41% physical area occupancy and 36% physical unit occupancy, presenting meaningful upside through continued lease-up. The surrounding Portland submarket is supported by major industrial investment, including the $22 billion Gulf Coast Growth Ventures petrochemical project, which supports 600 permanent jobs with an average annual salary of $90,000, as well as the Port of Corpus Christi’s dredging and expansion work at the La Quinta Ship Channel, which has increased international trade capacity and local employment, together driving sustained residential growth and robust demand for self-storage in the immediate trade area. Market conditions are especially favorable given the absence of any prospective, planned, or under-construction self-storage developments in the area, positioning Lone Star Self Storage to capture expanding demand, while below-market in-place rents create a significant 34% mark-to-market rental growth opportunity upon stabilization. With 81% of its rentable area dedicated to climate-controlled units and a newer, higher-quality product than older competing facilities in the submarket, the asset offers limited near-term capital needs and an exceptional opportunity to capitalize on Portland’s growing regional demand and achieve a projected 9.24% stabilized cap rate.